Bulgaria Launches Mass Road Renovation

Business | August 26, 2010, Thursday // 08:35| Views: | Comments: 0
Bulgaria Launches Mass Road Renovation: Bulgaria Launches Mass Road Renovation With BGN 500 M, 2011 will break the 2007 record when BGN 200 M was invested in the country’s roads. File photo

The renovation of 300 km of Bulgarian roads for a total of BGN 130 M under the EU operational program Regional Development begins Thursday.

The start will be marked with a groundbreaking ceremony on the road connecting the northeastern city of Dobrich with the Romanian border where BGN 5 M will be used in the next 3 months to renovate 16 km.

The Minister of Regional Development, Rosen Plevneliev, promised that groundbreaking ceremonies will take place every other day in September, saying 14 road sections will be renovated. According to Plevneliev, 2011 will break the 2007 record when BGN 200 M was invested in the country’s roads. The amount for 2011 is BGN 500 M to be used for another 16 road sections or 311 km.

On Wednesday, the Finance Ministry received letters asking for an additional BGN 61 M for the financing in 2011 of road projects that are being realized with loans from the World Bank and the European Investment Bank.

Business » Be a reporter: Write and send your article
Tags: Rosen Plevneliev, Minister of Regional Development, renovation, road, regional development, EU operational program, World Bank, European Investment Bank
Expats.bg All Are Welcome! Join Now!
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