Tender opening for crucial new Bulgarian highway

The authorities in Bulgaria are in the tender process for the new Sofia-Kalotina highway project. The tender is for a 31.5km section of highway that will connect Bulgarian capital Sofia with Kalotina on the border with Serbia. The deadline for submitting the tender offers is 7th January 2013. Meanwhile in Sofia itself, a €100 million project to improve key roads in the city is now due to commence. Some €50 million of the funding required for the project is being provided in loan form by the European Invest
November 14, 2012 Read time: 2 mins
The authorities in Bulgaria are in the tender process for the new Sofia-Kalotina highway project. The tender is for a 31.5km section of highway that will connect Bulgarian capital Sofia with Kalotina on the border with Serbia. The deadline for submitting the tender offers is 7th January 2013. Meanwhile in Sofia itself, a €100 million project to improve key roads in the city is now due to commence. Some €50 million of the funding required for the project is being provided in loan form by the 1054 European Investment Bank (EIB). The remainder of the funds required will be sourced from Sofia’s own municipal budget. The project will involve improving and replacing roads and pavements in the city will be replaced. New road signs and street lighting will also be installed and the project includes construction a number of new roads. The EIB loan is being provided over a 25 year term, with a four year grace period.

For more information on companies in this article

Related Content

  • Sofia to Belgrade in three hours
    June 15, 2020
    Serbia and neighbouring Bulgaria are hoping to agree a motorway project.
    Read More
  • Danube bridge takes shape
    February 10, 2012
    A new bridge over the River Danube between Bulgaria and Romania is expected to benefit to the economies of both nations. Krasimir Krastanov reports
    Read More
  • Serbia road project, funding secured
    February 19, 2019
    Construction of the 77km-long Merdare-Nis highway in Serbia is to benefit from external financing. A funding package worth €100 million is being supplied by the European Investment Bank (EIB) for the project. The funding will pay for work on a stretch of the route between Plocnik and Nis in southern Serbia. The highway will improve transport connections with neighbouring Kosovo when it is complete. This project forms part of a series of road building operations in the region, with extensive work having been
    Read More
  • Loan helping fund Slovenian highway project
    June 18, 2015
    The European Investment Bank (EIB) is providing a loan worth €145 million that will help fund a key highway project in Slovenia. The loan is being given to the Slovenian state highway company DARS for the project to construct a 13km section of the Drazenci to Gruskovje highway. The total cost of the project is €303.4 million. The remainder of the financing required is being provided jointly by the EU and Slovenia itself. Construction work on the project is due to commence in 2015 and continue until mid-2018
    Read More

Highlighted Content