Skip to main content

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.

Related Content

  • Key Russian road construction complete
    December 5, 2016
    Construction work on the Central Section of Russia’s Western High-Speed Diameter (WHSD) in St Petersburg is complete, with some small detail work now being finished off. The WHSD connects the Southern, Central and Northern sections of St Petersburg and will open to traffic at the end of December. VTB Capital was a key participant in funding the construction of the Central Section and is a major shareholder in the consortium that will operate the entire WHSD route.
  • Extension for Tarlac-Pangasinan Expressway
    December 12, 2023
    The project on Luzon island in the Philippines is a design-finance-construct-operate-maintain contract for a nearly 60km four-lane tolled road.
  • Skopje gets EBRD funding for motorway
    July 12, 2022
    The four-lane highway will run parallel to an existing national road built 50 years ago that heads north from the capital Skopje.
  • Thailand land bridge proposal
    September 21, 2020
    A project for a massive land bridge for Thailand has been proposed.