The Bulgarian Road Infrastructure Agency (BRIA) will receive strategic advice from the World Bank over the next 30 months through a Reimbursable Advisory Services Agreement. The agreement was signed today by Yordan Valchev, Chairman of BRIA’s Management Board, and Lasse Melgaard, World Bank Resident Representative for Bulgaria, Czechia, and Slovakia.
The World Bank will assist in the strategic planning of Bulgaria’s long-term roads sector development. This includes investments and revenue collection, with an emphasis on road financing for both new construction and maintenance, climate resilience, and improving BRIA’s efficiency and effectiveness.
“This engagement provides yet another demonstration of the World Bank’s global knowledge and it builds upon our decade-long partnership in the sector. Since 2015 we have provided strategic advice in road assets management, maintenance and planning, road safety monitoring, and the introduction of the e-tolling system in Bulgaria. We are delighted to continue bringing the best of our experience to this critical sector for the benefit of all Bulgarians,” said Lasse Melgaard.
Reimbursable Advisory Services are a flexible instrument offered by the World Bank to middle- and high-income countries at their request. Under these programs, the World Bank provides advisory services, analytical services, and implementation support. The costs are reimbursed to the World Bank upon delivery.