Deutsche Bank to Fund Construction of Bulgaria’s Rila Highway

Deutsche Bank intends to provide funding for large infrastructure projects in Bulgaria, including the planned Rila Highway.

The news was announced by Dr. Thomas Rueschen, Director of Asset Finance & Leasing at Deutsche Bank, in an interview for the Bulgarian Pari Daily. Rueschen's department is taking over the management of Deutsche Bank's participation in the Rila Highway project.

The Pari Daily cites experts commenting that was very good news since Deutsche Bank was expected to give up the Rila Highway project as a result of the financial crisis, and the frozen EU funds under the ISPA program.

The article points out that with the Deutsche Bank participation guaranteed, the Bulgarian road construction companies were now sure that at least one of the country's road construction projects would proceed as planned.

The Rila Highway is supposed to provide a fast-speed connection between the Bulgarian capital Sofia and the Super Borovets resort in the Rila Mountain so that the distance could be covered in only 40 minutes.