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Sep 27, 2007 16:15 EEST
September 27 (SeeNews) - Bulgarian industrial conglomerate Chimimport said on Thursday it will participate in the up to $50 million (35.3 million euro) tender for the reconstruction of the airport in Kazan, capital of the autonomous Russian republic of Tatarstan.
“We are a tenderer in the project,” Chimimport board member Alexander Kerezov told SeeNews, but declined to provide any details.
The project for the reconstruction of Kazan airport, which was built in the 1970s, is estimated to be worth between $40 million and $50 million by Tatarstan’s transport ministry.
“There are two potential investors [for the reconstruction] Bulgarian Chimimport and a company from the United Arab Emirates,” Tatarstan’s transport minister Ildus Fashutdinov said in a statement.
Chimimport, which comprises more than 40 subsidiaries, owns majority stakes in insurance company Armeetz and in Central Cooperative Bank (CCB). The holding company is active in the financial, transport, manufacturing and retail sectors and provides legal, accounting, consultancy and advertising services. It has acquired majority stakes in various Bulgarian companies over the past year.
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