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SOFIA (Bulgaria), January 11 (SeeNews) - Bulgaria's government said on Wednesday it provided 22.8 milllion levs ($12.3 million/11.7 million euro) of additional financing for the construction of sections of Hemus motorway.
The motorway, with projected length of 433 km, will link the Bulgarian capital Sofia with the port city of Varna, on the Black Sea coast. Some 250 km of the motorway remain to be built.
The additional funding was extended to the ministry of regional development in the form of upfront payment for the completion of the motorway, the government said in a statement following a weekly meeting.
On Monday, Bulgaria awarded a 54.9 million levs contract for the construction of a 9.3 km section of Hemus motorway to a tie-up led by local company Hydrostroy. The motorway stretch - from the town of Yablanitsa 90 km northeast of Sofia to Boaza road intersection - should be built within 910 days.
(1 euro = 1.95583 levs)