Balgarianovinite.com Sofia Municipality is launching a procedure to secure up to EUR 367 million in long-term investment financing to modernize the city’s public transport system and key infrastructure, the Municipality said on Thursday.
Sofia Municipality said the financing, combined with EUR 265 million allocated under the Regional Development Programme, will be used to renew the city’s public transport fleet and implement strategic infrastructure projects. The investment aims to improve transport connectivity, safety and the overall quality of life in the Bulgarian capital.
The programme envisages replacing outdated high-floor trams and buses manufactured before 2014 with modern vehicles that meet current environmental standards. The funds will also be used to improve the accessibility and safety of transport and road infrastructure, including for people with disabilities, as well as to finance climate adaptation measures such as upgrading drainage systems, reinforcing road surfaces and expanding Sofia’s green spaces.
The investment programme includes the purchase of new trams, trolleybuses, electric buses and conventional buses, alongside the construction and rehabilitation of major infrastructure projects. These include the reconstruction and widening of Copenhagen Boulevard, Rozhen Boulevard and Hristo Botev Boulevard, the extension of Iliyantsi Boulevard, and the widening of Lomsko Shose Boulevard.
The programme also provides for the continuation of the city’s sidewalk renovation initiative. According to Sofia Municipality, more than 542,200 square metres of sidewalks have been newly built or renovated across various districts of the capital over the past three years.
The municipality said the long-term financing would be secured either through a loan or a bond issuance, depending on which option offers the most favourable terms. The procedure will be carried out in compliance with the Municipal Debt Act and the Public Finance Act.
In early July, Sofia Municipality said the draft 2026 State Budget did not include EUR 25.4 million needed to finance public transport services in the capital. Municipal officials have called on the state to honour its commitments by providing EUR 11.8 million for metro security and EUR 13.6 million in subsidies under the relevant European Union regulation. Sofia Municipality Plans Up to EUR 367 Mln in Long-Term Borrowing for Transport, Infrastructure Projects 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-08-06 14:21:04 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law