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Bulgaria signs 10.1 mln euro road maintenance deal with local tie-up

Author Mario Tanev
Bulgaria signs 10.1 mln euro road maintenance deal with local tie-up Author: Road Infrastructure Agency / All rights reserved.

SOFIA (Bulgaria), June 24 (SeeNews) - Bulgaria's Road Infrastructure Agency (RIA) said on Monday that it has signed a 19.8 million levs ($11.5 million/10.1 million euro) contract for maintenance of the road network in the Blagoevgrad region, in southwestern Bulgaria, with a tie-up comprising several local companies.

The tie-up consists of Groma Hold, Vodno Stroitelstvo - Blagoevgrad and BKS, RIA said in a notice.

The contract, which envisages maintenance of some 680 km of roads, was signed on June 14.

The tie-up submitted the only offer in the public procurement procedure for awarding the contract.

According to registry agency data, Groma Hold owns a 40% stake in the tie-up, followed by BKS and Vodno Stroitelstvo - Blagoevgrad with stakes of 36.11% and 23.89%, respectively.

(1 euro = 1.95583 levs)

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