January 7 (SeeNews) - Bulgaria's defence ministry said on Monday that it has signed two framework contracts worth a total of 11 million levs ($6.4 million/5.6 million euro) with state-owned Terem Holding for the overhaul of 13 Russian-made T-72 battle tanks and 60 rangefinders for the tanks.
The deals were signed on December 19, the ministry said in a notice.
Terem Holding intends to delegate all works on the tank repair contract to its unit Terem - Han Krum, while activities related to repairing the rangefinders will be conducted by Terem - Ivaylo.
The tank overhaul contract envisages repair of two tanks in 2018, four in 2019 and 2020 each, and three in 2021.
The rangefinders should be repaired in batches of 12 over a five-year period.
The main activities of Terem, which was established in 1963, include overhaul, medium repair and manufacturing of military equipment.
(1 euro = 1.95583 levs)