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Jan 31, 2024 15:03 EEST
January 31 (SeeNews) - Bulgaria and Romania jointly proposed to the European Climate, Infrastructure and Environment Executive Agency (CINEA) a 230 million euro ($249.5 million) project to make the Danube river deeper and improve navigation, the transport ministry in Sofia said.
The FAST Danube 2 project, which seeks funding from the Connecting Europe Facility, aims to implement engineering solutions in the shared river section that will also ensure traffic safety, the ministry said in a statement on Tuesday.
The project evaluation results are expected to come out in July. If approved, the financing from the Connecting Europe Facility will cover up to 85% of the project's cost.
"This investment is important because it will make the river navigable 340 days a year, instead of the previous 280, and this is of great benefit to business," Bulgarian minister of transport and communications Georgi Gvozdeikov said.
Last week, the Bulgarian transport ministry said the European Commission approved 6.9 million euro in funding for a joint feasibility study by Bulgaria and Romania on constructing a second bridge over the Danube between Ruse and Giurgiu.
CINEA plays a key role in supporting the EU Green Deal by helping implement projects contributing to decarbonisation and sustainable growth, its website shows.
($ = 0.9220 euro)
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