Bulgaria Signs EUR 198,1 M Railway Infrastructure Deals
Astaldi was picked to build the railway and the electricity infrastructure for the 114 kilometres stretch linking the town of Parvomay in central Bulgaria to the border with Greece and Turkey near Svilengrad in southeastern Bulgaria.
The ministry will pay Astaldi EUR 162,5 M to complete the works within 39 months.
Thales and Alcatel Lucent will provide the signalling and telecommunications infrastructure for the same stretch in a contract worth EUR 35,6 M, which has to be completed within 37 months.
The two contracts are part of a bigger project, which aims to upgrade the railway infrastructure between Plovdiv, Bulgaria's second-largest city, and the border with Greece and Turkey.
The total cost of the project is EUR 340 M, with EUR 153 M in funding coming under EU's pre-accession aid fund ISPA and EUR 150 M from a loan contracted from the European Investment Bank.
The rest of the money, EUR 37 M, will be allocated from Bulgaria's budget.
- » EC Threatens Punitive Measures against Bulgaria, Serbia over South Stream
- » Finance Ministry Meets with EPIC to Discuss KTB Recovery
- » Bulgaria Braces for Possible Disruption in Russian Gas Supplies
- » Bulgaria’s Caretaker Govt OKs Financial Corrections of BGN 152 M under OP Environment
- » Bulgaria Air to Fly to China, Belarus
- » Power Rates in Bulgaria to Go Up by up to 10% as of October - Watchdog
They've even go a sign announcing all these plans in one of the local villages (Katunitza, home to Tsar Kiro). You see it just as you hit the tenth pot hole on the road (well, I've got to call it something I guess) to Plovdiv. I think the locals would rather they fixed the roads!!!