Greek Company With Lowest Bid for New Trakiya Highway Stretch

Business | May 19, 2010, Wednesday // 14:48
Bulgaria: Greek Company With Lowest Bid for New Trakiya Highway Stretch Construction of the new stretch of the Trakiya Highway which will connect the cities of Nova Zagova and Yambol is planned to begin in August, 2010. Photo by BGNES

Greek company Aktor is the most likely winner of the tender for the construction of the Trakiya highway stretch that will link the Bulgarian cities of Nova Zagora and Yambol.

The Bulgarian Transport Agency opened Wednesday all 11 bids for the construction of a new section of Bulgaria's Black sea highway.

The offer of the Athens-based company is BGN 111.644 M for the entire strip of 36 km, which is surprising low when compared to the expected cost of the project of BGN 216 M.

Aktor is one of the biggest Greek building companies. According to information published on its website, the company has constructed 80% of Athens's Olympic sites for the 2004 Summer Olympics, including the Olympic stadium and village as well as the International TV and Radio Center.

The consortium of the Bulgarian 'Balkanstroy' and the Croatian 'Constructor' came up with the second lowest bid of BGN 121.797 M.

The construction of the new Nova ZagoraYambol section is set to start on August 2, 2010.

The Bulgarian consortium submitted the lowest bid - BGN 137,86 M – in competition with three other approved applicants. 4 000 jobs will be created by the project in the Stara Zagora region.

Construction works are scheduled to be completed in 25 months. The price of the construction is estimated at about BGN 138 M, 30-35 % of the funds will be made available by the end of the year.

The project will be funded entirely by the state budget until Brussels approves funding under the Operational ‘Transport’ Program.

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Tags: Trakiya Highway, Aktor, Nova Zagora, Yambol, bid

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