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Western investor willing to invest a total of ?10 bn in the Port of Burgas
Date: 29/08/2010
Western investor willing to invest a total of ?10 bn in the Port of Burgas

A very large Western investor has expressed interest in one of the terminals of the Port of Burgas and is willing to invest a total of ?10 bn, became clear yesterday after the meeting on the development of the ports in Varna and Burgas, Ruse and Lom. It was attended by Prime Minister Boyko Borissov, Deputy PM and Minister of Finance Simeon Djankov, Minister of Economy, Energy and Tourism Traycho Traykov, as well as by Deputy Minister of Transport Kamen Kichev, experts and MPs.

The future of the Port of Burgas is connected with the development of the terminal for dangerous liquid cargo where compressed gas can be stored and handled. This is why investors express interest in this respect, commented experts.
We will seek opportunities for public-private partnerships with major consignors, commented Prime Minister Boyko Borissov after visiting the port complex Varna-West .

The PM explained that he hoped to meet with Chinese Premier Wen Jiabao during his visit to the USA in late September in order to discuss the interest of the Asian country in Bulgarian transport infrastructure, as well as the opportunities for a public-private partnership.

According to Deputy Transport Minister Kamen Kichev, it will become clear in the next few days whether our country will receive a new loan from Japan for the construction of terminals in the two largest cities near the sea since a mission of the Japanese Bank will arrive in Bulgaria today.

Topic: Investments

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