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Bulgaria and EU Share Road Funding

Infra News - Published on Tue, 13 Aug 2019

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KHL reported that the Bulgarian government has promised almost EUR 380 million to fund the construction of a 23.6km section of the Struma motorway, between Kresna and Krupnik in the southwest of the country. The motorway, which will stretch to 173km when completed, is also being partly funded by the European Union, as part of its Transport Infrastructure strategy for 2014 – 2020, and will ultimately become part of the pan-European transport Corridor IV. The EU’s funding agreement stipulates that the road’s construction must be completed by 2023; with this in mind, the project was divided into two lots.

In August 2018, tenders for the two lots (one valued at approximately EUR 227 million; the other at approximately EUR 220 million) were opened by the country’s Road Infrastructure Agency (RIA).

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Posted By : Mohan Sharma on Tue, 13 Aug 2019
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