KEYWORDS TODAY:   UKRAINEKTBGASFDIPOWER PRICE

Bulgaria Signs EUR 198,1 M Railway Infrastructure Deals

Business | September 5, 2007, Wednesday // 00:00| Views: 2973 | Comments: 3
  • Send to Kindle
Bulgaria: Bulgaria Signs EUR 198,1 M Railway Infrastructure Deals Bulgaria's Transport Ministry signed on Wednesday two deals with Italy's Astaldi and France's Thales and Alcatel Lucent to upgrade a key stretch of Bulgaria's railroad infrastructure. Photo by Yuliana Nikolova (Sofia Photo Agency)

Bulgaria's Transport Ministry signed on Wednesday two deals with Italy's Astaldi and France's Thales and Alcatel Lucent, worth a combined EUR 198,1 M, to upgrade a key stretch of Bulgaria's railroad infrastructure.

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.
Business » Be a reporter: Write and send your article
Expats.bg All Are Welcome! Join Now!

Leave a comment


» To the forumComments (3)
#3
Robin - 5 Sep 2007 // 21:33:06

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!!!

#2
Kolega - 5 Sep 2007 // 20:17:44

It's a process...

#1
CJB - 5 Sep 2007 // 20:16:06

Good.

Next, can you please upgrade the line all the way to Sofia? Then start on connections with Bucharest and Belgrade. Only another billion euros or so required...

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria