Банкеръ Weekly



The reconstruction and rehabilitation of the first section of the railway connecting Plovdiv and Svilengrad will begin on May 25, Deputy Minister of Transport Vessela Gospodinova announced. Greece's Terna company was chosen executor of the 38 km section between Krumovo and Parvomay last year. We're going to complete the project on time and in accordance with the financial requirements, the head of the project for Bulgaria, Alexandris Mikaelidis, said.
Six months will be needed for designing the first stage of the existing railway line. This operation will be entrusted to a subcontractor, but Mr. Mikaelidis refused to say concrete names as they have not been coordinated with the consultant, the consortium between TIPSA, Louis Berger, Sistra, Trademco and Rubikon Engineering. The electrification of the road should be completed for 21 months and Terna will be given a chance to test the section and remove any possible defects a year after the completion.
The transport ministry is ready to put forward the tender file for the second stage of the project for approval by the European Commission, Deputy Minister Gospodinova said. The stage includes designing, construction and electrification of the 114 km line between Parvomay and Svilengrad. I expect the consideration of the second stage tender file to take less time than the first one did and that we can announce an executor procedure no later than September. If the schedule is observed, in the end of November we may have a winner, Vessela Gospodinova explained to the BANKER weekly.
The Plovdiv - Svilengrad railway project is the biggest one in the Bulgarian railway infrastructure. Its value totals EUR340MN. EUR153MN are allocated under the ISPA program, EUR150MN are borrowed from the European Investment Bank, and EUR37MN are provided by the state budget.
Excitement is also noticed about the second bridge on the Danube river. The tender file for this project was finally approved by the delegation of the European Commission. Next week it will be sent to the five companies included in the short list. They are the consortiums between the German Bilfinger Berger and the Belgian Besix, the French Vinci C.G.P., Glavbolgarstroy and Moststroy, as well as the joint-venture between the French Bouygues Travaux Publics, the Varna-based Transstroy and the Italian Rizzani de Eccher. The fourth consortium is between the Singapore-registered Ed. Zublin AG, the Austrian Alpine Mayreder Bau and the French Eiffel Construction Metallique. The fifth one is formed by Hochtief Construction and the Spanish Obrascon Huarte Lain.

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