Chinese funding to construct Black Sea connection

Two Chinese construction firms are keen to build Bulgaria’s Cherno More highway. The highway runs close to the country’s Black Sea Coast and will connect the cities of Varna and Burgas when it is complete. The project is just one of several in Central and Eastern Europe that will receive a portion of the €10 billion cooperation credit line proposed by China for the region. The 103km Cherno More highway will be one section of the Pan-European Corridor VIII and will connect with the Hemus highway at Varna and
January 21, 2014 Read time: 1 min
Two Chinese construction firms are keen to build Bulgaria’s Cherno More highway. The highway runs close to the country’s Black Sea Coast and will connect the cities of Varna and Burgas when it is complete. The project is just one of several in Central and Eastern Europe that will receive a portion of the €10 billion cooperation credit line proposed by China for the region. The 103km Cherno More highway will be one section of the Pan-European Corridor VIII and will connect with the Hemus highway at Varna and the Trakia highway at Burgas, both of which run towards capital Sofia.
Finance & Funding Road Structures

Related Content

  • Santiago’s Autopista Central in line for improvements
    June 18, 2015
    Motorway operator Autopista Central de Chile (AC) has applied to the Ministry of Public Works to make improvements worth around US$340 million to the Autopista Central system in the capital Santiago. Improvements are scheduled for the Quilicura area. AC will present an environmental impact and engineering study this summer to the ministry. Much of the work will take place at night time to avoid traffic disruption. Autopista Central consists of two highways, the westernmost of which branches off from t
    Read More
  • Key Russian highway projects in planning
    November 30, 2015
    Construction of the Russian stretch of the highway connecting Europe with China should be complete by 2018. This section of the project is costing close to US$22.6 billion. The international transit corridor from Europe to Western China is of key economic significance. The first sections of the Russian portion of the route form part of the new high-speed federal highway M-11 from Moscow to St Petersburg. About 40% of the highway will run through the Volga federal district. The 8,400km long international tra
    Read More
  • Work to commence on new Philippines expressway
    September 15, 2016
    Work is due to commence in 2017 on the new Cavite-Laguna Expressway in the Philippines. This 47km route will run along the coast to the south of capital Manila, with its north eastern end lying close to the city’s international airport. The route connects Cavitex in Cavite's Kawit with the SLEx-Mamplasan Interchange in Laguna's Biñan. The project will improve connections to the airport as well as from Manila to the southern end of Luzon.
    Read More
  • EU Commission adopts plan for €50 billion boost to European networks
    May 2, 2012
    The European Commission has tabled a plan which will fund €50 billion (US$68.7 billion) worth of investment to improve Europe's transport, energy and digital networks. It has also announced the Europe 2020 Project Bond Initiative which will be one of a number of risk-sharing instruments upon which the facility may draw in order to attract private finance in projects.
    Read More

Highlighted Content