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

  • Agreement on Pakistan-China route
    March 24, 2015
    A key agreement has been reached between the Pakistan Government and the Chinese Government with regard to the new route linking the two countries. The two governments have agreed on the need to speed up work to construct the Pak-China Economic Corridor (PCEC). This major road project looks likely to cost as much as USD45.6 billion. Both countries intend to complete the majority of the work needed within five years. The joint cooperation committee for PCEC will run more meetings to discuss the project and t
    Read More
  • Portugese opt for Hitachi machinery
    June 18, 2012
    Hitachi construction machinery is said to be helping Portgual’s building industry pull through the global economic downturn. Two of the country’s largest construction companies, Mota-Engil – Engenharia e Construção SA and Agrepor – Agregados SA, are using Hitachi’s ZX670LCH-3 large excavators. Portugal’s membership of the European Union (EU) is said to have been hugely beneficial for the country’s infrastructure, including the development of new highways. However, the financial crisis has affected the count
    Read More
  • New Nigerian road and bridge transport connection
    March 3, 2020
    A new road and bridge transport connection is proposed for South East Nigeria.
    Read More
  • Middle East financing for Moscow’s new toll route
    June 12, 2018
    Financing from the Middle East is helping to build the first toll road in Russia’s capital Moscow – Eugene Gerden reports. The first toll road within the Russian capital Moscow will be built this year with financing from a consortium comprising Russian and Arabian investors. This was revealed officially in a recent statement from the Moscow City Government. The heart of the project involves building a relief road for Kutuzovsky Prospekt, a major radial avenue in Moscow, which is known for its luxury stores
    Read More

Highlighted Content