Bulgaria plans to team up with investors interested in deploying under a public-private partnership (PPP) an electronic truck tolling system worth up to 500 million euro ($647 million), the country's regional development minister said.
"We are looking for heavyweights, partners capable of making a serious investment of 200, 300, maybe 500 million euro, depending on the estimated cost of building such a system," Lilyana Pavlova told reporters on the sidelines of the Southeast Europe Business Forum.
The size of the toll, which will be payable only by trucks transiting the country via major roads, will be tied to the distance travelled and not to the time spent on Bulgarian territory, Pavlova added.
The tolling system will most likely be introduced first on the planned highway between Ruse, on the Danube, and Svilengrad, on the Turkish border, for whose construction Bulgaria is holding talks with Qatar. However, this is unlikely to happen sooner than in three or four years, as the implementation of such a big investment project takes time, Pavlova said.