Romania May Lose EUR 50 M over Bulgaria's 'Sluggish' Work on Danube Bridge 2
Romania may lose EUR 50 M in EU money due to Bulgaria's delay in the construction of the so called Danube Bridge 2, connecting Bulgaria's Vidin and Romania's Calafat.
What is unusual in the case is that the delay has been caused by Bulgaria, according to the Romanian Capital newspaper. The Romanian part of the construction has already been finished, the paper points out.
However, the European Commission may consider imposing financial corrections on Romania, since the Vidin-Calafat bridge is a joint project of the two EU newcomers.
The Bulgarian side has saved some time by extending the financing memorandum until January 1 2013, but Romania still risks losing EUR 50 M.
Recently, Bulgaria's Transport Minister Ivaylo Moskovski declared that Danube Bridge 2 should be fully functional by the end of 2012.
Meanwhile, Romania needs to strengthen the security on its side of the bridge in order to prevent locals from stealing parts of the construction and selling them for scrap, according to Capital.
The construction of the Vidin-Calafat bridge was set to be completed by October 2010, but has been significantly delayed due to technical difficulties.
The original push for the construction of a second Danube Bridge between Bulgaria and Romania came as a result of the NATO bombing of Milosevic's Yugoslavia in 1999.
After the campaign subsided, however, the procedures for the bridge dragged on. It was supposed to be ready by 2010 but land expropriation procedures and disputes between the Spanish firm FCC and the governments of Bulgaria and Romania obviously delayed the construction.
When finally completed, Danube Bridge 2 will be third ever bridge in the Bulgarian-Romanian section of the Danube in the past 2000 years.
- » Banks in Bulgaria have Earned BGN 1.43 Billion in 2018
- » Bulgaria’s Black Sea Hotels and Restaurants Seek to Hire Seasonal Workers
- » Foreign Tourists in Varna During the Winter - Mainly Romanians, Israelis, Germans and Turks
- » Bulgarian IT Giant with Offices on 6 Continents Opens 200 New Jobs in Bulgaria
- » For 2 Years, the Registered Growth of Foreign Direct Investment Exceeds BGN 1 billion
- » The Bulgarian Financial Technology Company Phyre Opens an Office in Romania