Bulgaria, Qatar, Turkey To Set Up Project Company for Ruse-Svilengrad Road in Oct
Bulgaria, Qatar and Turkey will set up in October a project company for the construction of a road which will link Svilengrad, on Bulgaria's Turkish border, with the country's Danubian port of Ruse, Bulgaria's regional development minister said.
A supervisory committee, which will include two representatives of each country, is to be set up by July 15, Lilyana Pavlova told a news briefing in Sofia. The committee will have to draft the documentation for the establishment of the project company by September 20.
The indicative construction cost of the road is 1.5 billion levs ($958 million/767 million euro).
The project company will prepare the feasibility studies, conceptual design and cost analysis for the project which, the ministry said in May, is expected to take two years.
The Ruse-Svilengrad road will lie on the route of a pan-European highway connecting Europe with Istanbul and the Middle East.