The deadline for submission of applications under the procedure for selection of a financial intermediary for the implementation of the “Waste Management” financial instrument has expired. The instrument has a total public resource of EUR 14.4 million under the Environment Programme 2021–2027 (EP), co-financed by the European Union through the European Regional Development Fund (ERDF).
One application has been submitted under the procedure by one of the leading banks in Bulgaria – DSK Bank.
The financial instrument is structured as a shared-risk financing facility, with programme resources covering up to 80% at loan level (up to a maximum of EUR 4.35 million), and a minimum of 20% co-financing to be provided by the selected financial intermediary. The support will be delivered through investment loans, complementary working capital financing and financial leasing. The maximum repayment period is up to 20 years for investment loans and up to 5 years for working capital, including a grace period of up to 3 years.
The financing is targeted at economically viable projects aimed at developing systems for separate collection and recycling of biodegradable waste, increasing recycling capacity (including municipal, industrial and construction waste), as well as other activities in line with the objectives of the Environment Programme 2021–2027. Eligible final recipients include municipalities and their enterprises, as well as private companies engaged in non-hazardous waste recycling activities, in compliance with the applicable regulatory framework.
Following the opening of the applications, the applicant will be subject to a compliance check against the set selection criteria, followed by evaluation of the submitted application.
