April 8 (SeeNews) - Bulgaria's government said that it has approved the transfer of the concession rights and obligations for the Hydrostroy 1 section of the Studena construction materials deposit to local company Infra Expert.
The decision comes following a request from the previous holder of the concession - Hystrostroy-Studena, the government said in a statement on Wednesday.
The concession agreement for the deposit was signed for a 25-year period in 2008 with local company Hydrostroy, and subsequently transferred to Hydrostroy-Studena in 2009. The deposit is located in the Pernik region, in western Bulgaria.