Available financing from EU funds for waste processing infrastructure – Economy, finance

The Central Finance and Contracts Agency (CFLA) has announced an open selection of projects, inviting businesses related to waste processing to apply for support from European Union (EU) funds to invest in waste processing. The available Cohesion Fund (CF) financing is 20 million euros.

Businessmen of waste collection, processing and management are invited to apply for the implementation of KF-financed projects, making investments in fixed assets necessary for waste processing, including material assets such as production premises, machinery, equipment, equipment and related infrastructure.

It is planned that the capacity of waste processing facilities will increase by 30,000 tons per year as a result of the implementation of the EU fund program projects developed by the Ministry of Environmental Protection and Regional Development.

Up to 85% of the total eligible costs of the project will be financed from the CF. The CF funding available for the implementation of the first round of selection is EUR 20,000,000.

Project CFLA will accept submissions until August 2, 2024, while time is allocated for project implementation until the end of 2029. Project selection documentation is published on the CFLA website cfla.gov.lv.

Support from EU funds is intended for the EU Cohesion Policy Program 2021-2027. for the year 2.2.2. of the specific support objective “Promoting the transition to a circular economy” 2.2.2.1. within the first round of the “Waste sorting, recycling and regeneration” event.

Information on all project selections is available on the CFLA website in the section “Project selections“.

CFLA