Sat, May 26 2012

Road Agency signs contract for construction of Trakia Highway

Fri, Apr 23 2010 10:12 CET

byNick Iliev

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Road Agency signs contract for construction of Trakia Highway

Photo: Maria Subotinova

Bulgaria's National Road Infrastructure Agency was due to sign the contract with Magistrali Trace consortium on April 23 for the construction of the section spanning from Stara Zagora to Nova Zagora, Dnevnik daily said.

Magistrali Trace consortium, led by companies from Trace Group, one of Bulgaria's biggest road-building companies, won the tender after it tabled the lowest bidding price at 137.9 million leva for the 32km stretch of motorway.

The price offered by Magistrali Trace was about a 100 million leva less than the second bidder, meaning that each km of the motorway would cost about 2.2 million euro. By comparison, Trace constructed the section from Orizovo to Stara Zagora in 2007 for 2.4 million euro a km.

Reportedly, the new section of the motorway pending construction will generate 4000 jobs, with the first sod ceremony scheduled for May 3. The project must be completed by the summer of 2012.

According to the report, Trace was picked primarily because of its "full mobilisation", "intimate knowledge of the local region", "its logistical bases and resources in proximity", "the minimum risk involved" and the fact that it tabled the lowest price offer.

The motorway will be financed under the European Union's operational programme.

Source: propertywisebulgaria.

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Comments

Anonymous wondering Tue, Apr 27 2010 14:52 CET
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"The project must be completed by the summer of 2012"

Must be finished or they HOPE it will be finished?

What if they don't finish at that date? Will they be fined for braking contract?

Anonymous Stiga Mon, Apr 26 2010 12:06 CET
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Sofia to Burgas by motorway - available 2020 (pre-book your vignettes now for a 20% discount)


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