Daily news

 
HIGHWAY CONCESSION IN BULGARIA RECEIVES COURT APPROVAL
09:04 Wed 21 Jun 2006
 

The Supreme Administrative Court decided that the concession of Trakia highway should be carried out as previously approved.

The court rejected the grievance of deputy chief prosecutor Mitio Markov that the already approved concessionaire did not meet tender criteria, Darik Radio reported.

This court decision is final and cannot be appealed.

Grievances were based on the fact that a consortium of Bulgarian and Portuguese companies was selected as concessionaire without a public tender.

The Supreme Administrative Court said that according to law the Cabinet could offer concession without public tender, if some conditions were met.

According to the court, the objection of the Supreme Prosecution of Cassation, concerning the economic unsoundness of the deal, was not within the authorities of the legal institution.

Regional Development Minister Assen Gagauzov said that another concessionaire could be sought. Changes to the already approved concession agreement were also possible, Gagauzov said.

Bulgaria would demand a lower construction price, as well as guarantees over the execution of the project, Gagauzov said.

 
Printer friendly version
 
 
 
 
more from News
Custom Search
Free Daily News Alerts
BNB Fixing 21 Nov 2008
EUR1.2542USD
EUR0.795GBP
EUR1.95583BGN
USD1.55942BGN
GBP2.32256BGN
 
 
 
 
Download first page