Inauguration of the Sofia Waste Treatment Plant co-financed by the EIB

Inauguration of the Sofia Waste Treatment Plant co-financed by the EIB

Inauguration of the Sofia Waste Treatment Plant co-financed by the EIB

The FINANCIAL -- On September 14 a new mechanical-biological treatment plant with a capacity of 410 000 tonnes of mixed waste per year was inaugurated in Sofia. The European Investment Bank (EIB) has provided co-financing for this priority project amounting to EUR 33 million.

EIB Vice-President László Baranyay, who attended the opening ceremony together with Bulgaria’s Prime Minister Boyko Borissov, Minister of Environment and Water Ivelina Vassileva and the Mayor of Sofia Yordanka Fandakova, commented: “I very much welcome the fact that EIB funds and technical expertise have contributed to the implementation of the Sofia Waste Treatment Plant. This modern facility represents a major step towards improving the environment and the health of the citizens of Sofia and will generate significant efficiency gains for the city’s waste management services. It will also enable Bulgaria to meet its international environmental and climate change obligations”.

The new waste treatment facilities include a sanitary landfill, a mechanical-biological treatment plant, and bio-waste and green waste composting plants, located at two different sites on the outskirts of the Bulgarian capital Sofia. The treatment plant will produce refuse-derived fuel that can be used in cement kilns and by power plants such as the future Topoflikacia Combined Heat and Power Plant, according to EIB.

The EIB has supported the preparation of the project through JASPERS (Joint Assistance to Support Projects in European Regions) in order to secure EU grants. At a later stage, the EIB also provided technical advisory services during the implementation phase of this project.

The EIB loan supporting this project was granted to the City of Sofia, with which the EU bank has enjoyed very fruitful cooperation. So far the EIB has signed loans with the Municipality of Sofia amounting to some EUR 271 million to finance urban projects, including the Sofia Metro, the renewal of the city’s transport fleet, and social and environmental infrastructure. 

 


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