Second Danube bridge construction approved

Official approval is now being given for changes to the agreement between the Bulgarian authorities and the European Investment Bank (EIB) for the second Danube bridge project. So far the EIB is providing €50 million, with €5 million having already been used. The Bulgarian authorities are agreeing to accept a shorter loan period of 14.5 years rather than the 17-year term originally agreed with the EIB.
May 15, 2012 Read time: 2 mins
Official approval is now being given for changes to the agreement between the Bulgarian authorities and the 1054 European Investment Bank (EIB) for the second Danube bridge project.

So far the EIB is providing €50 million, with €5 million having already been used. The Bulgarian authorities are agreeing to accept a shorter loan period of 14.5 years rather than the 17-year term originally agreed with the EIB.

The bridge is being built between Vidin in Bulgaria and Calafat in Romania, and the Spanish company 4914 FCC was appointed as the design and build contractor for the main bridge works, while the French-British consortium 1559 Ingerop/1554 High-Point Rendel was appointed as the engineer to carry out independent supervision and design check.

Meanwhile plans to tackle Bulgarian capital Sofia’s congestion problems by building overpasses are being put on hold. A €45 million loan is being provided by the EIB for the work, although the Bulgarian authorities are unable to supply the €43 million co-funding necessary.

Work on only one of the overpasses, at the Mladost Quarter, will now start during 2010 and the Bulgarian authorities may have to approach the EIB for further loans for the project.

Road Structures

For more information on companies in this article

Related Content

  • Colombia’s longest bridge part of major project
    September 14, 2016
    Construction activity is underway on a number of key transport infrastructure projects in Colombia. A major bridge project spanning the Magdalena River is currently under construction close to the city of Barranquilla in the north of Colombia. The Pumarejo Bridge was commissioned by Instituto Nacional de Vías (INVIAS) and is being built by a consortium. Featuring a cable-stayed design, the bridge will be 2.28km in length, with three lanes for vehicles, as well as a pedestrian area and a cycle track in b
    Read More
  • Papua New Guinea is set for extensive road bridge work upgrades
    January 21, 2015
    Papua New Guinea is set to start road and bridge upgrades that could cost upwards of US$576 million. Work on bridges will be paid partly through agreements with the Australian Department of Foreign Affairs, amounting to around US$53 million, and the Asian Development Bank which is putting in nearly $32 million. The Australian Department of Foreign Affairs has also earmarked $101 million to upgrade of arterial roads to standard concrete in the port city of Lae, the capital of Morobe Province. Lae, the
    Read More
  • EBRD funding for St Petersburg project?
    April 27, 2012
    The European Bank for Reconstruction and Development (EBRD) intends to provide a US$277 million (€200 million) loan to the Northern Capital Highway consortium, which will build the central 11.5km section of St Petersburg’s Western High Speed Diameter (WHSD) route. The EBRD’s board of directors has said will consider the loan on 14th February 2012. The finance package is of note as Russian road projects have largely found funds from other sources so far. The Northern Capital Highway consortium estimates the
    Read More
  • UK’s Stonehenge Bypass approved by Government
    July 17, 2023
    The UK’s Stonehenge Bypass project has been approved by the Government.
    Read More

Highlighted Content