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Bulgaria's PST Group-led tie-up signs 4.6 mln euro railway upgrade deal

Author Mario Tanev
Bulgaria's PST Group-led tie-up signs 4.6 mln euro railway upgrade deal Author: Bulgarian transport ministry / All rights reserved.

SOFIA (Bulgaria), December 6 (SeeNews) - Bulgarian state-owned National Railway Infrastructure Company (NRIC) said on Friday that it has signed an 8.9 million levs ($5 million/4.6 million euro) railway upgrade contract with a tie-up comprising local PST Group, PST Sofia and Start-Engineering.

According to registry agency data, PST Group owns 58% interest in the tie-up, while its unit PST Sofia controls 12%.

The contract envisages the upgrade of a 5.3-km railway section linking the villages of Prilep and Vedrovo, in eastern Bulgaria, NRIC said in a notice.

The contract was inked on November 8.

The tender for awarding the contract attracted offers from six bidders.

(1 euro = 1.95583 levs)

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