Bulgaria estimates the costs for the Black Sea motorway at between 500 million levs and 600 million levs ($344 million - 412 million/256 million - 307 million euro), regional development minister Desislava Terzieva said.
The country has to choose between three design plans for the 100-kilometre motorway, Terzieva told a conference, as quoted by Capital Daily.
Bulgaria plans to finance the motorway in partnership with private investors, minister Terzieva pointed out. An unnamed Chinese investor has already shown interest in the project.
According to Capital Daily, the unnamed investor might be EximBank, the Export-Import Bank of China.
The Black Sea motorway will connect the Hemus and Trakiya motorways.