Bulgaria Invites Chinese Investors to Build Navigable Canal Varna-Ruse
Thursday, 12 February 2015
Bulgaria has proposed to Chinese investors a project for the construction of a navigable canal between the cities of Varna and Ruse, according to Varna District Governor Stoyan Pasev.
Pasev, as cited by Trud daily, made clear Wednesday that a total of three projects for the development of Bulgaria’s northeastern region had so far been presented to the Chinese Ambassador to Bulgaria.
He said that the three projects envisaged the construction of a navigable canal connecting the Black Sea to the Danube River, a motorway, and a railway line.
The District Governor of Varna also specified that the idea was not new, adding that the project for connecting the cities of Varna and Ruse dated back to 1972.
Pasev argued that the construction of a navigable canal between the two cities would require an investment of around 3.6 billion levs.