Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Romania-Bulgaria-Turkey Road Company Set for Fall 2012
Date: 26/06/2012
Romania-Bulgaria-Turkey Road Company Set for Fall 2012

The project company for the construction of a major highway running from Romania to Turkey and Greece via Bulgaria (aka the Ruse-Svilengrad Road) is to become operational in October.

The project will be implemented through a public-private partnership scheme.

The latest news surrounding the Ruse-Svilengrad high-speed road project were announced Tuesday after the second working meeting of representatives of the participating countries (Bulgaria, Turkey and Qatar).

According to reports of the Bulgarian National Radio (BNR), the three countries will be proportionally represented in the company.

The project company will carry out the planning and the financial analysis of the construction and exploitation of the road.

Each of the three participating countries will nominate two representatives in a supervisory board that will be tasked with preparing a three-year budget framework and a memorandum of cooperation.

Lilyana Pavlova, Minister of Regional Development and Public Works, specified in a Tuesday statement that Bulgaria would not have any other financial commitment than the expropriation procedures and the issuance of construction permits.

She explained that a future concessionaire would cover the cost for the construction of the toll road.

Pavlova added that alternative routes via the Varbitsa Pass and the Shipka Pass were also being considered.

In early May 2012, Lilyana Pavlova announced that Bulgaria would seek public-private partnership for the construction of the Ruse-Veliko Tarnovo-Svilengrad-Istanbul toll road.

She said that the Ruse-Svilengrad road would allow a faster connection of the Bosphorus Strait with the Danube Bridge through Pan-European Transport Corridor No. 9.

The Regional Development Minister specified that the project for the construction of the 300 km section was expected to attract investors from China, Qatar and Oman.

Topic: Infrastructure

Featured District
Invest Bulgaria Charts
Tax Revenue of Bulgaria
Tax Revenue of Bulgaria

Private Sector External Debt of Bulgaria
Private Sector External Debt of Bulgaria

See all charts
Did You Know?
Bulgarian Weddings
Bulgarian Weddings
In Bulgaria, wedding bands on worn on the right hand, not the left as in the West. ... More

Pazardjik is situated in South Bulgaria, in the central part of the Higher Thrace valley, on the north of the Rhodope mountain, at the two banks of river Maritsa. The both sides of the river Maritsa and its feeders have been formed to a low, but not widely flowed ledge. Here are the best alluvial soils of the field.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works, creators of Uudet Nettikasinot 2019, 最新カジノ and Svenska Casinon. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members