Bulgaria Road Agency Signs Trakiya Highway Contract

Business | April 23, 2010, Friday // 17:42|  views

The Bulgarian Regional Development Minister, Rosen Plevneliev, was also present during the signing of the contract for a new stretch of the Trakiya Highway. Photo by BGNES

The Bulgarian Road Infrastructure Agency signed Friday the contract with ‘Unified Highway Trace’ for the construction of a 32 km stretch of the Trakiya Highway.

At the end of February 2010, "Unified Highway Trace", a Bulgarian consortium, won the contract for the construction of a new section of the Trakiya Highway. The tender on offer was for the construction of a 32 km section linking the city of Stara Zagora and the town of Nova Zagora.

The representative of the ‘Unified Highway Trace’, Tsvetan Tsonev said Friday that the consortium will fulfill all its engagements within the deadline.

Construction work is set to begin May 3, 2010 and will be completed in 25 months. The price of the construction is estimated at about BGN 138 M, 30-35 % of these means will be made available by the end of the year.

The project will be funded entirely by the state budget until Brussels approves funding for the Operational  ‘Transport’ Program.

Though incomplete the Trakiya Highway is the Bulgarian highway project which is closest to completion. It will connect the capital Sofia with the Black Sea city of Burgas. A total of 328 km of the 443-km highway have already been built.

The tender on offer was for construction of a 32 km stretch of highway to link the towns of Stara Zagora and Nova Zagora.

The Bulgarian a consortium submitted the lowest bid - BGN 137,86 M – in competition with three other approved applicants. 4 000 jobs will be created by the project in the Stara Zagora region.

The low price of the winning bid – approximately one third of the highest figure, and at a lower cost per kilometer than the consortium had received for a similar contract in 2005-2007, has been explained by the consortium’s management as reflecting local transport and material costs - the consortium is based near Stara Zagora.

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Tags: Trakia highway, Unified Highway Trace, Stara Zagora, Nova Zagora


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