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EU fund to provide €68 mln for cross-border projects

  The European Neighborhood and Partnership Instrument Fund (ENPI) will provide up to €68 million for cross-border projects between Hungary, Slovakia, Romania and Ukraine, the director of the ENPI Budapest office András Baranyai announced on Monday.

A total of 10% of the fund has been designated for economic development, while 30% has been earmarked for infrastructural development, 20% for institutional development and 25% for environmental protection.

Those applying for funding will have to provide 5% of costs. The relevant state will provide another 5%, while the fund will cover the rest. Baranyai said the first tenders will be announced in May or June, with a 90-day deadline. (MTI-Econews)