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Bulgaria's Trace Group Hold signs 5.3 mln euro railway upgrade deal

Bulgaria's Trace Group Hold signs 5.3 mln euro railway upgrade deal Peter Gudella/Shutterstock.com

SOFIA (Bulgaria), October 18 (SeeNews) – A consortium led by Bulgarian construction company Trace Group Hold [BUL:T57]  has signed a 10.43 million levs ($6.3 million/5.3 million euro) contract for reconstruction of 12.9 km railway section between the city of Stara Zagora and Zmeyovo village, Trace Group Hold said.

The reconstruction of the 12.9 km railway section in central-southern Bulgaria should be completed in a seven-month period, the company said in a bourse filing late on Tuesday.

The company is currently carrying out the rehabilitation of two railway stretches, connecting the towns of Skutare and Orizovo, as well as Straldzha and Tserkovski, respectively.

(1 euro = 1.95583 levs)
 

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