Bulgaria Proposes Lowering Highway Speed Limits
The Bulgarian government has proposed a significant change to the country's road traffic regulations, aiming to reduce the maximum speed limit on highways from 140 km/h to 130 km/h
Ten companies have filed bids for the construction of a 32-km stretch of the Kalotina-Sofia highway according to Lazar Lazarov, Chair of Bulgaria's Road Infrastructure Agency.
Lazarov, as cited by money.bg, made clear Friday that the tender had been called for a 32-km highway section connecting Kalotina to the western village of Hrabarsko which would have the capacity of a highway (two lanes in each direction).
He informed that the project was worth BGN 200 M, VAT excluded, and the plans were to not block traffic along the existing four-lane road.
Lazarov explained that the road section would be equipped with around 20 new facilities such as bridges.
He admitted, however, that there would be difficulties with securing the funding for the project.
The Chair of the Road Infrastructure Agency noted that the 32-km stretch of the Kalotina-Sofia highway had to be financed under the Transport Operational Program but the funds had been fully contracted and there were no more free resources.
Lazarov explained that this meant that it was possible that the construction works could not be launched even if a contractor was picked because the Road Infrastructure Agency was not authorized to sign unsecured contracts.
Lazarov added, however, that money saved under various projects under the Transport OP could be used to pay for the construction of the highway section or the funds could be secured through a redistribution of resources under operational programs.
He further informed that the 32-km stretch was the first stage of the Sofia-Kalotina highway project and was to be completed within 21-25 months.
The head of the Road Infrastructure Agency also suggested that it was possible that the Nis-Kalotina highway would be completed in mid-2015, meaning that Sofia and Belgrade would be connected via a modern road.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022