October 12 (SeeNews) - Bulgarian water utility company ViK Plovdiv said that it has begun an infrastructure reconstruction project worth 134.7 million levs ($66.8 million/68.9 million euro).
The project is co-financed from the European Cohesion Fund and the state budget, the company said in a press release on Tuesday.
The modernisation of Plovdiv's water and wastewater system benefits from EU funding under the operational programme Environment for the period 2014-2020. The funding includes roughly 81 million levs in European cohesion grants, while 14.3 million levs will come from Bulgaria's state budget and some 17 million levs will be provided by the Plovdiv water utility.
The project was launched in September 2019 and has a completion date of March 2024.
The works will involve the construction of the southern bypass collector, which will serve the city of Plovdiv and five neighbouring towns and will take all waste water to the treatment plant in Plovdiv.
(1 euro = 1.95583 levs)