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

  • Serbian highway plans
    March 19, 2012
    Serbian contractor Milos Trans will start work on the Serbia’s Corridor 11 highway during 2012. The firm will carry out work on the stretch running from Preljina to Takovo.
    Read More
  • Morocco tender
    May 3, 2012
    The Moroccan Government is increasing its investment in roads and highways by 21% from last year. The country intends to spend US$6.32 billion on improving the road network. A further $14.5 billion is expected from private sources and other funding bodies. Work on the El Jadida-Safi highway project will commence in 2012 and is expected to cost $497million. Work on the Tit Mellil-Berrechid highway section will cost $152.55 million. The authorities in Morocco are now assessing 13 bids submitted in the tender
    Read More
  • Serbian roads to get Chinese funding
    November 28, 2012
    Talks between the Chinese Development Bank and the Serbian Government could result in €400-€450 million of Chinese funding for Serbian highway projects. The Danube coast and the Corridor 11 projects are among those earmarked for a potential cash boost. Serbia’s Ministry for Transport (MOT) is also in talks with Chinese partners about other highway builds including100km of the Belgrade-Cacak, Belgrade-Obrenovac, Preljina-Ljig and Lajkovac-Ljig routes, as well as the 100km Pojate-Preljina project. China Road
    Read More
  • EIB aids funding for Poland's A2
    July 12, 2012
    The European Investment Bank (EIB) will help funding of the A2 highway project in Poland, which has faced financing problems due to the economic crisis. The EIB is making an exception to its usual policy by granting to Polish company Autostrada Wielkopolska credit that covers over 50% of the costs of the construction work for a highway section. The EIB will provide €1 billion for the A2 investment and to create an option of an additional €200 million. The total value of the investment, which is expected to
    Read More

Highlighted Content