SOFIA (Bulgaria), December 15 (SeeNews) – Bulgaria has selected two local companies to build two sections of Hemus motorway under contracts worth 756.8 million levs ($426.7 million/387 million euro) in total, the regional development ministry said.
The AM Hemus Lot 1 tie-up won a contract to build Lot 1 of the motorway after offering to carry out the works for 277.4 million levs, VAT excluded, the ministry said in a press release on Monday.
The other contract - for Lot 2 of the motorway, was awarded to the road construction company PST Hemus 2 which had submitted an offer worth 479.4 million levs.
The two sections have a total length of 59 km. Lot 1 starts at the town of Yablanitsa, in the northcentral part of Bulgaria, and Lot 2 ends at a road junction between the cities of Pleven and Lovech.
Last week, the regional development ministry said seven local tie-ups and four foreign joint ventures involving Italian and Turkish firms had filed bids for the construction of the two sections.
The Hemus motorway will connect the capital Sofia with Varna, on the Black Sea coast. The planned length of the whole motorway is 433 km.