April 21 (SeeNews) - Bulgaria's government said on Wednesday that it has awarded a 35-year concession agreement for the Oreshaka building materials deposit to local company Eco-Hydro-90.
The concession fees are expected to amount to 3.5 million levs ($2.2 million/1.8 million euro) for the entire 35-year period, the government said in a statement following its weekly meeting.
Eco-Hydro-90 will also invest over 2.9 million levs at the site over the term of the concession.
The Oreshaka sand and gravel deposit is located in the Pazardzhik province.
(1 euro = 1.95583 levs)