European Commission has approved an investment of over EUR 368 million from the European Regional Development Fund to support the construction of the line 3 of the Sofia metro. The project “Extension of the Sofia metro, Line 3, phase I, Boulevard Valdimir Vazov-Centre-Zhitnitsa Street” aims to build almost 8 km of new line and eight new stations.
“Environment-friendly public transport systems improve the attractiveness of a city for businesses and tourism, boost the competitiveness of the local economy and increase the quality of everyday life. This shows the tangible and positive impact of ESI Funds investments in Bulgaria”, said Commissioner for Regional Policy Corina Creţu.
The objective of this project is to link the residential districts of Suhata reka, Hadzhi Dimitar, Krasno selo, Slaviya, Belite brezi, Lagera, Hipodruma with the centre of Sofia. The line 3 will also enable to reach the residential districts of Lyulin, Mladost, Obelya, Nadezhda, Lozentets, Druzhba, via its connections with lines 1 and 2. The investment also covers the supply of the necessary rolling stock (20 metro trains).
This is a “major project” where the total investment is above €50 million and thus subject to a specific decision by the European Commission whereas other types of projects are approved at national or regional levels.