Банкеръ Weekly

Briefs

THE BUDGET TO PROVIDE BGN10MN FOR SMALL PROJECTS

By April, the republican budget will provide BGN10MN for construction of small sites of regional importance, the Sofia Region Governor Olimpy Kutev said after a meeting of the cabinet held on March 17. From this year on, there will be no restrictions on the number of residents in populated areas which projects will be financed by the state. The projects value may vary from BGN3,000 to BGN15,000.Instruction letters describing the criteria and deadlines for collection of offers will be sent to all small municipalities. The executor of the approved projects will be chosen by the regional administrations through public procurement procedure. Then the winner will be approved by the Ministry of Regional Development and Public Works. The amount provided last year was BGN22MN.

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