Bulgaria Plans To Award 35-Yr Concessions on Nikopol, Burgas-west Port Terminals

Bulgaria Plans To Award 35-Yr Concessions on Nikopol, Burgas-west Port Terminals

Bulgaria will open procedures to award 35-year concessions on the Nikopol and Burgas-west port terminals in a bid to boost passenger and cargo flows and improve the quality of quayside services, the government in Sofia said.

The concessionaire of the Nikopol port terminal, located on the Danube river, will be required to invest at least 25,000 levs ($16,600/12,800 euro) during the entire term of the contract, the government said in a statement issued after a regular weekly meeting on Wednesday.

The concession on the Burgas-west port terminal, on the Black Sea, will come with an obligation for total investment of at least 20.05 million levs, including 9.55 million levs that will have to be invested in the first seven years of the concession arrangement.

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