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Bulgaria's Varna signs 6.9 mln euro road repair deals with local cos

Oct 11, 2019, 1:30:45 PMArticle by Mario Tanev
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October 11 (SeeNews) - Bulgaria's Varna municipality said on Friday that its has signed deals with two companies and one tie-up envisaging repairs of parts of the city's road network, worth a total of 13.4 million levs ($7.6 million/6.9 million euro).

Bulgaria's Varna signs 6.9 mln euro road repair deals with local cos
Varna Municipality/ All Rights Reserved

A tie-up of local Ingstroyengineering and Avtomagistrali Sofia landed the largest contracts, worth a total of 6.9 million levs, envisaging repairs in the Odessos and Primorski districts, the municipality said in a notice.

According to commercial register data, Ingstroyengineering controls 70% interest in the tie-up, while Avtomagistrali Sofia owns 30%.

Sofia-based Hydrostroi landed two contracts worth 3.8 million levs, while Infra Expert signed two deals worth 2.8 million levs.

(1 euro = 1.95583 levs)

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