Банкеръ Weekly

Briefs

PHARE GRANTS EUR10MN FOR ROAD REPAIR

Four building companies signed contracts for the repair of 21 road sections with a total length of 146 km under the Roads for Access to Tourist Sites project, financed by the EU's PHARE Programme. The new sections should be ready within 15 months and the aggregate worth of the construction is EUR15,331,000.The financial aid from the EU for the project is EUR10MN and the remaining funds will be provided as co-financing from the Bulgarian side. The endorsed contracts were handed by the Minister of Regional Development and Public Works Valentin Tserovsky and the Head of the Delegation of the European Commission to Bulgaria Dimitris Kourkoulas. The Rhodopes consortium got two contracts. The first one is for the repair of road sections in the municipalities of Smolyan, Haskovo and Kurdjali, worth EUR3,105,000. The second one - for the rehabilitation of roads in the Pazardjuk municipality - is worth EUR3,275,000. The Rhodopes consortium includes the Bulgarian firms Inzhstroy and AV-Haskovo, and the Austrian comapny Strabag. The latter is the chief contractor of the project for the construction of a new passenger terminal of the Sofia Airport. However, the implementation of that project has not begun yet, as Strabag insists for an increase of the contract's price. The JV Mesohoriti - Road Construction-Veliko Tirnovo signed a contract worth EUR3,714,000 for the repair of roads in the municipalities of Shoumen, Razgrad and Tirgovishte.Glavbolgarstroy will undertake the rehabilitation of roads in the municipalities of Varna, Dobrich and Silistra against EUR4,174,000.
The construction activities of all the three building contractors will be supervised by the Spanish company Tupsa and the Bulgarian Controls. The contract with them is worth EUR1,061,000.The Head of the Delegation of the European Commission to Bulgaria Dimitris Kourkoulas announced that three more projects - on cultural tourism (worth EUR7MN), on ecology tourism (worth EUR5.3MN), and on improvement of the water and sewage network in regions with potential for the development of tourism (worth EUR4.6MN) - would be financed by the PHARE Programme.

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