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

  • New international trade crossing linking Canada and US
    June 9, 2015
    The Detroit River is short, only 45km, and narrow in places, less than 1km. Around a quarter of the annual $658 billion Canada-US trade crosses over the river. That’s $160 billion worth of goods trucked each year between Detroit in the US state of Michigan and the Canadian city of Windsor in the province of Ontario - the Windsor-Detroit Corridor. There are several types of crossings, but the vast majority of commercial traffic must use the 2.3km Ambassador Bridge (see box). A new bridge was initially prop
    Read More
  • Kosovo-Serbia connection to commence construction
    October 13, 2017
    Construction will commence on the new connection from Kosovo’s capital Pristina to Nis in Serbia. The first stretch of the highway to be built will be the 77km section from Nis to Merdare in Serbia. The project is expected to cost €212 million, with a portion of the funding at least being provided by the European Investment Bank (EIB). Plans have yet to be announced for the stretch running from Serbia’s border with Kosovo to Pristina. Once complete this route will provide new links from Serbia to Albania an
    Read More
  • Construction of the Gordie Howe Bridge could start in mid-2018
    May 12, 2017
    Construction of the US$2.1 billion Gordie Howe International Bridge is expected to start in late 2018, according to the authority in charge of the project. Preliminary early works on bridge – the second to span the Detroit River ? between Detroit, Michigan in the US and Windsor, in the Canadian province of Ontario have started. A main contractor is likely to be appointed by mid next year. The first phase of early works has focused on fill placement, construction of a perimeter access road and minor utility
    Read More
  • Construction of the Gordie Howe Bridge could start in mid-2018
    May 12, 2017
    Construction of the US$2.1 billion Gordie Howe International Bridge is expected to start in late 2018, according to the authority in charge of the project. Preliminary early works on bridge – the second to span the Detroit River ? between Detroit, Michigan in the US and Windsor, in the Canadian province of Ontario have started. A main contractor is likely to be appointed by mid next year. The first phase of early works has focused on fill placement, construction of a perimeter access road and minor utility
    Read More

Highlighted Content