Projects Eligibility Criteria
All projects will be judged in accordance with the following criteria:
- Relevance to the objectives and eligible activities of the OPRD, Priority Axis 1 and the JESSICA Holding Fund Bulgaria (“JHFB”) Investment Strategy;
- Compliance with the requirements for the provision of state aid, according to the applicable Bulgarian legislation and the legislation of the European Union;
- Compliance with the approved by the municipalities in 2014, integrated plans for urban regeneration and development;
- Revenue generating potential;
- Significance in terms of social and economic impact;
- Overall sustainability;
- Economic viability;
- Motivation and competence of Project sponsor and manager
- Relevance to the Investment Policy objectives of the Fund and the credit policy of the co-financing bank;
Project proposals are considered in the order in which they are received corresponding to the available financial resources.