January 29 (SeeNews) - Bulgaria's Cherven bryag municipality said on Wednesday it has signed three road overhaul contracts worth 5 million levs ($2.8 million/2.6 million euro) combined with a tie-up between local Nivel Stroy, Euro Consulting International and En EKIP.
According to registry agency data, Nivel Stroy controls 72% interest in the tie-up, followed by En EKIP with 25% interest and Euro Consulting International with a 3% stake.
All three deals, which benefit from EU financing, were signed on January 20, the municipality said in a notice.
The highest-priced contract, worth some 2.0 million levs, concerns the rehabilitation of a 3.2 km ring bypass road on the territory of the municipality. The public procurement procedure for awarding the contract has attracted four bids.
The tenders for the other two contracts attracted five offers each.
(1 euro = 1.95583 levs)