PF Archive

Water news

01 11 2000

Bulgarian Concessions Project finance broke new ground as the first major water concession to be tendered on a project finance basis in Central and Eastern Europe reached financial close on 5 October 2000. Furthermore, it is the first water privatisation and major municipal infrastructure concession in Bulgaria, having required significant changes to Bulgarian legislation in order to proceed. Sofijska Vada AD is a special purpose company, owned by United Utilities plc., Bechtel Enterprises Holdings Inc and Edison SpA, that...