Logistical Center to Be Built near Stara Zagora under JESSICA initiative

Business | July 16, 2015, Thursday // 13:40
Bulgaria: Logistical Center to Be Built near Stara Zagora under JESSICA initiative Photo by speedy.bg

PIT BOX EOOD will build a logistical center in the southern village of Madzherito, Stara Zagora Municipality, under a EUR 1.9 M project financed under the EU’s JESSICA initiative.

Societe Generale Expressbank and the Regional Urban Development Fund have granted a 15-year investment loan of EUR 1 942 930 to PIT BOX EOOD under the JESSICA initiative (Joint European Support for Sustainable Investment in City Areas), according to a media statement.

The co-financing provided by the bank amounts to EUR 1 298 700.

The logistical center will be leased to Speedy, the largest Bulgarian courier company, under a long-term contract.

The logistical center will support the pallet services of the company, one of the swiftest developing business lines of Speedy.

The modern logistical center will be built on the territory of the former state-owned poultry processing plant near Stara Zagora on an area spanning 5400 square meters.

The project will create 10-15 permanent jobs, as well as 40 temporary jobs during the construction works.

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Tags: logistics center, Stara Zagora, courier services, Speedy, JESSICA, EU funding
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