Fund for Sustainable Urban Development for Sofia“ ЕАD (FSUDS) EAD
Call for funding urban development projects
On the 30th of May 2012 г. an Operational Agreement with the Urban Development Fund for Sofia - „Fund for Sustainable Urban Development for Sofia“ ЕАD has been signed.
The signed Operational Agreement with the „Fund for Sustainable Urban Development for Sofia“ ЕАD amounts at 24,6 mln. lv. The main purpose of the Fund is to invest through loans, guarantees and equity in urban development projects on the territory of the capital Sofia.
The Fund provides an additional own co-financing amounting at 24.6 mln.lv., where the total amount of the resources for projects in Sofia raises to 49.2 mln.lv.
Conditions for applying:
- The FSUDS EAD finances projects in the territory of the capital city of Sofia;
- Urban development projects will be financed by the FSUDS EAD through short-term/mid-term/long-term loans and/or guarantees and/or equity
- The interest rate of the loans offered by the FSUDS EAD is limited up to 5,5 % depending on the risk
- Loan Repayment Term – up to 12 years
- If you are municipality/private investor/PPP and you have an idea for urban development project you can get in touch with the contact persons indicated at the web site of the Fund - http://www.flag-bg.com/ and to discuss together the possibilities for financing of your project
- The project idea shall be preliminary agreed with the Sofia Municipality
- You shall present elaborated Business Plan of the urban development project in order to apply for financing from the Fund
- After an assessment for compliance with the project selection criteria, risk assessment as well as cost benefit analysis the Fund will let you know if the project proposed by you is appropriate for financing under JESSICA and will present you an offer
- The urban development project financing will be done in tranches after signature of a contract for project financing between you and the Fund, which gives the start of the investments
- The loan repayment/equity sale/guarantee release shall be done according to the provisions of the contract signed between you and the Fund.
For more information:
- “Fund for Sustainable Urban Development for Sofia“ ЕАD, (www.flag-bg.com) Sofia, “Solunska” str. 27, floor 3, tell/fax +359 2 988 2310;
- Sofia Municipality: http://www.sofia.bg/
- Managing Authority of the OPRD - e-mail: firstname.lastname@example.org.
“Fund for Sustainable Urban Development for Sofia“ ЕАD - www.jessicasofia.com
FSUDS – Guidelines for application
Last modified: Monday, November 12, 2012 6:35 PM