Bulgaria Lays Basis for Talks with Potential Chinese Investors in Road Projects

Bulgaria Lays Basis for Talks with Potential Chinese Investors in Road Projects

Bulgaria's government said on Wednesday that it approved a framework agreement which will serve as the basis for negotiations with potential Chinese investors in major Bulgarian road infrastructure projects. There is a growing interest from Chinese construction companies towards participation in such projects, through public-private partnerships or concession contracts, the government said in a statement following its weekly meeting. The government has received official letters of intent or draft framework agreements from Chinese companies interested in Bulgaria's projects for construction of Veliko Tarnovo - Russe motorway, the Shipka tunnel in the Balkan mountain range, Vidin-Botevgrad motorway and the Black Sea motorway. In 2013, China launched One Belt, One Road initiative as a development campaign which provides a framework for integrating the country more deeply into the world economy.

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