Only 39% of ISPA money absorbed

BULGARIA

Only 39% of the ISPA money has been absorbed over the last nine years and the 2010 deadline is just round the corner. This is what the Minister of Transport Alexander Tsvetkov announced.

Minister Tsvetkov pointed out the percentage for OP Transport was 1.5%. In his words, Bulgaria needed an urgent set of measures to restore the confidence by securing transparent procedures for all projects.

Tsvetkov said delays were noticeable in projects of both programs – ISPA and OP ‘Transport’.