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

  • Building Egypt's world class Desert Highway
    February 9, 2012
    A huge highway upgrade project will transform the Cairo-Alexandria road link into a world-class connection as Mike Woof reports
    Read More
  • Romania eyes new Danube River bridge
    August 20, 2024
    The announcement by Romania’s minister for transport, Sorin Grindeanu, comes as the Friendship Bridge, connecting Giurgiu in Romania and Ruse in Bulgaria, is closed for repairs.
    Read More
  • Russia’s most expensive road project to commence
    January 15, 2019
    Construction work is being planned for Russia’s most expensive road, which will be built in south of the country – Eugene Gerden reports Work is due to commence shortly on Russia’s most expensive road, in the south of the country. The highway will form part of the existing 1,600km Moscow-Sochi road, according to recent statements from senior officials at the Russian Ministry of Transport as well as local analysts. As part of the project, the Russian Government, together with private investors, plans to
    Read More
  • EIB backing Irish motorway link
    April 30, 2014
    The European Investment Bank (EIB) is providing financial backing worth €144 million for the new M17/M18 Gort-Tuam motorway project. The M17/M18 Gort to Tuam PPP Scheme is situated in the west of Ireland and will be constructed as a four lane motorway that will replace the existing N17/N18 roads. This new motorway will reduce journey times by around 20 minutes and has an overall cost estimated at €550 million. Construction work will start during this year and this is the second transport PPP to be signed un
    Read More

Highlighted Content