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Kinstellar Advises EBRD on First Financing in Bulgaria Under ESIF/EBRD Water Sector Financing Framework

Kinstellar Advises EBRD on First Financing in Bulgaria Under ESIF/EBRD Water Sector Financing Framework

Bulgaria
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Kinstellar has advised the EBRD on its first loan under the EUR 200 million Bulgarian Water Sector Financing Framework to Ruse Water Supply and Sanitation Company.

The framework was established with the bank’s own funds and contributions from the state-owned Fund Manager of Financial Instruments in Bulgaria from the EU’s European Structural and Investment Funds.

According to Kinstellar, “the EUR 8.7 million financing for Ruse Water Supply and Sanitation Company will improve water and wastewater infrastructure for 220,000 residents in the Ruse region in northeast Bulgaria. It will rehabilitate 63 km of water supply pipelines and 40 km of wastewater collection infrastructure and will help the water operator cut water losses, increase effectiveness and strengthen financial performance.”

Kinstellar’s team included Counsel Svilen Issaev, Managing Associate Mladen Minev, Senior Associate Kristina Lyubenova, and Associate Denitsa Kuzeva.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

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