Bulgaria has awarded a EUR186.4 million (US$200 million) contract to PSVT consortium for the design and build of Shipka Peak Tunnel in the Balkan Mountain range.
The selected consortium comprises Patni Stroezhi and Veliko Tarnovo companies. The tunnel will be built 1329 m above sea level in Bulgaria’s Balkan Mountains and within Bulgarka Nature Park located on the north-south I-5 highway and run under Shipka Peak.
The project is being funded by Bulgarian government’s Transport Connectivity 2021-2027 Operational Programme. The project is a part of the bypass for Gabrovo City.
Country updates
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August 09, 2021
EBRD acquires equity stake in operator of USD715 million airport PPP project in Bulgaria
The European Bank for Reconstruction and Development (EBRD) has acquired an equity stake in Sofia airport operator, SOF Connect.
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April 22, 2021
Operations started for Sofia Airport in Bulgaria
SOF Connect, the concessionaire of Sofia airport, has started operational works for the airport. SOF Connect is a consortium of Meridiam, Strabag, and Munich airport (MUC). The consortium has pai...
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November 08, 2020
EBRD to provide EUR 85 million for sofia airport PPP
The European Bank for Reconstruction and Development (EBRD) is considering providing up to EUR 85 million (US$ 98.96 million) project finance loan which will be a part of a wider debt packag...
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July 23, 2020
Concession for Airport in Bulgaria signed
The government of Bulgaria through the Ministry of Transport has signed the concession agreement for the Sofia Airport with the consortium Sof Connect. The consortium's goal is for Sofia Airport to be...
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July 16, 2020
Another deadline extension for Plovdiv Airport concession
Ministry of Transport, Information Technology, and Communications in Bulgaria have again extended the deadline to submit the interest for the Plovdiv airport concession, the reason being lack of inter...
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