Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
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)
NEWS BY SECTOR
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)

UK Company Vouches to Build New Sofia Prison
UK COMPANY VOUCHES TO BUILD NEW SOFIA PRISON
Date: 01/08/2011
Source: novinite.com
UK Company Vouches to Build New Sofia Prison

The British company Farans Construction Ltd has sent a letter to the Bulgarian cabinet, stating it is willing to build a new prison in Sofia.

The company, based in Ireland, cited by the Bulgarian daily 24 Chassa (24 Hours), informs it can build two prison complexes for 2 000 inmates in 30 months.

The company has experience if the construction of prisons, public buildings and bridges.

The Bulgarian Justice Ministry announced, as early as November 2009, it was looking for a land plot and investors for a new prison over the shortage of cells and the mounting verdicts from the Human Rights Court in Strasbourg against Bulgaria over poor conditions in Bulgarian prisons.

The UK offer states the European PARIVAF bank is ready to finance the project with a loan of up to EUR 130 M to be repaid in 20 years under preferential conditions.

The project of the Main Directorate "Enforcement of Punishments" for a prison complex includes 3 buildings for 2 000 inmates and 200 detainees to be housed two in a room with a bathroom. The complex will have a sports facility, a school, a hospital and a production shop.

The Justice Ministry created 2 months ago a work group to study suitable land plots. The Sofia City Hall has already provided a land property of 500 decares near the village of Voluyak, adjacent to the capital.

The investment is estimated at BGN 100 M. The Bulgarian consultant for the UK company says inmates will be hired for the construction works, which will further reduce the cost.


Topic: Investments



Featured District
PLEVEN DISTRICT AND CITY INFORMATIONPleven
Invest Bulgaria Charts
Gross External Debt of Bulgaria
Gross External Debt of Bulgaria

Employed People in Bulgaria
Employed People in Bulgaria

See all charts
Did You Know?
The First Bulgarian Kingdom
The First Bulgarian Kingdom
At the time of its peak, the First Bulgarian Kingdom, was one of the largest countries in Europe ... More

The town of Pernik is situated in a picturesque hollow in the western part of Middle Bulgaria along the upper reaches of the river Struma.

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

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2021 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.


Лимузини под наем Electric and Hybrid Modules Repair SEO оптимизация Bulgaria Translation Bulgarian Agriculture
Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members