April 13 (SeeNews) - Bulgaria's National Railway Infrastructure Company (NRIC) said on Monday that it has awarded a 7.5 million levs ($4.2 million/3.8 million euro) contract for the modernisation of traction substation Razgrad to a tie-up between two local companies.
The tie-up comprises local companies Valirion and EL-Test, NRIC said in a notice.
The deal was signed on March 12, according to the notice.
Three bidders submitted offers in the tender for the contract.
According to registry agency data, Valirion owns 60% interest in the tie-up.
(1 euro = 1.95583 levs)