ISPA Measure 2002 BG 16 P PE 016 Varna Integrated Water Project Transformationof Transformation of WWTP Asparuhovo Reconstruction of WWTP Varna ReconstructionofWS& S Network Reconstruction of WS & S Network PROJECT OVERVIEW FM Budget25,432, FM Budget25,432, Total contracted26,725, Total contracted26,725, ISPA22,438, National Co-financing16,829, Additional National Funding4,286, Total paid20,564, Total paid20,564, Financial Implementation 77,00% Financial Implementation 77,00% (Total paid/Total contracted) (Total paid/Total contracted) Financial Implementation 88,23% Financial Implementation 88,23% (Total paid of contracted FM budget/Total FM budget) (Total paid of contracted FM budget/Total FM budget) ISPA Measure 2002 BG 16 P PE 016 Varna Integrated Water Project Works Contract 1 Transformation of WWTP Asparuhovo into pumping station and construction of transfer pipeline Commencement Date: 14 th February 2008 Commencement Date: 14 th February 2008 Taking Over Certificate: 6 th December 2011 Taking Over Certificate: 6 th December 2011 Physical Execution:100 % Physical Execution:100 % Financial Execution: 72 % Financial Execution: 72 % Transformation of WWTP Asparuhovo into pumping station and construction of transfer pipeline into pumping station and construction of transfer pipeline Technologicalscheme Technological scheme Transformation of WWTP Asparuhovo into pumping station and construction of transfer pipeline Balancing Tanks Transformation of WWTP Asparuhovo into pumping station and construction of transfer pipeline Fine Screens Equipment Screeningbuilding Screening building Transformation of WWTP Asparuhovo into pumping station and construction of transfer pipeline Gridtank Grid tank Pumpingstation Pumping station Transformation of WWTP Asparuhovo into pumping station and construction of transfer pipeline into pumping station and construction of transfer pipelinePublicity Commemorativeplaque Commemorative plaque Transformation of WWTP Asparuhovo into pumping station and construction of transfer pipeline Inaugurationceremony Inauguration ceremony Transformation of WWTP Asparuhovo Contract 1- closed Commencement Date: 17 th January 2008 Commencement Date: 17 th January 2008 Completion Date: 15 th February 2011 Completion Date: 15 th February 2011 Contract 2- closed Commencement Date: 16 th February 2011 Commencement Date: 16 th February 2011 Completion Date: 15 th August 2012 Completion Date: 15 th August 2012 Contract 3 under implementation Commencement Date: 16 th August 2012Commencement Date: 16 th August 2012 Completion Date: 15 th April 2013 Completion Date: 15 th April 2013 Financial Execution: 40 % Financial Execution: 40 % SupervisionContracts Supervision Contracts Commencement Date:17 th January 2009Commencement Date:17 th January 2009 Taking Over Certificate: 4 th November 2011Taking Over Certificate: 4 th November 2011 Physical Execution:100 %Physical Execution:100 % Financial Execution: 97 %Financial Execution: 97 % The DNP is expected to expire on 20 th February 2013The DNP is expected to expire on 20 th February 2013 Works Contract 2 Reconstruction and modernization of WWTP Varna Reconstruction and modernization of WWTP Varna Aerationtanks Aeration tanks Reconstruction and modernization of WWTP Varna Blowers Building MCC Reconstruction and modernization of WWTP Varna Methane Tanks Reconstruction and modernization of WWTP Varna Utilizationofbiogas Utilization of biogas Gasholder Reconstruction and modernization of WWTP Varna Commemorativeplaque Commemorative plaque Reconstruction and modernization of WWTP Varna Publicity Inaugurationceremony Inauguration ceremony Supervision Contracts Contract 1 - closed Commencement Date:10 th January 2009 Commencement Date:10 th January 2009 Completion Date:9 th February 2012 Completion Date:9 th February 2012 Financial Execution:99,7 % Financial Execution:99,7 % Contract 2 under implementation Commencement Date:15 th May 2012 Commencement Date:15 th May 2012 Completion Date:15 th June 2013 Completion Date:15 th June 2013 Financial Execution:30 % Financial Execution:30 % Reconstruction of WWTP Varna Commencement Date:25 th May 2009 Commencement Date:25 th May 2009 Taking Over certificate:21 st September 2010 Taking Over certificate:21 st September 2010 Performance Certificate: 21 st September 2011 Performance Certificate: 21 st September 2011 Contract is closed Contract is closed Works Contract 3 Reconstruction of WS & S Network Commemorativeplaque Commemorative plaque Supervision Contract Commencement Date:27 th April 2009 Commencement Date:27 th April 2009 Completion Date:26 th October 2011 Completion Date:26 th October 2011 Contract is closed Contract is closed Reconstruction of WS & S Network Compliance with Article 8 of the Financing Memorandum Art a) The condition in the article is considered fulfilled- DG REGIO letter Ares / The condition in the article is considered fulfilled- DG REGIO letter Ares / Art b) Art b) The condition in the article is considered fulfilled- DG REGIO letter 08874/ The condition in the article is considered fulfilled- DG REGIO letter 08874/ Art c) The Master Plan is prepared. The Report to be submitted to the EC for approval. All other conditions under Article 8 of the FM are considered fulfilled.