Danube bridge funding in danger

The EU is warning Bulgaria that €200 million in funding for the second Danube bridge project may be withdrawn if the work is not finished by the close of 2010. The EU is now considering whether to extend the projects deadline and the contractor building the bridge estimates that the work will not be completed until mid-2011. If funding is withdrawn, Bulgaria's Ministry of Transport hope to seek some financing from the European Investment Bank as well as the Bulgarian state budget.
May 15, 2012 Read time: 1 min
The EU is warning Bulgaria that €200 million in funding for the second Danube bridge project may be withdrawn if the work is not finished by the close of 2010.

The EU is now considering whether to extend the projects deadline and the contractor building the bridge estimates that the work will not be completed until mid-2011. If funding is withdrawn, 1119 Transport Ministry of Bulgaria hope to seek some financing from the 1054 European Investment Bank as well as the Bulgarian state budget.
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