Bulgaria Seeks To Award 35-Yr Concessions on Lom, Nessebar Port Terminals

Bulgaria Seeks To Award 35-Yr Concessions on Lom, Nessebar Port Terminals

Bulgaria is opening a procedure to award two 35-year concession contracts for the Lom and Nessebar port terminals, the government said.

The concessionaire of the Lom port terminal, on the Danube river, will be required to invest over 6.38 million levs ($4.09 million/3.26 million euro) in the first four years of the contract's term and at least 16.06 million levs by the end of the term, the government said in a statement issued after a regular weekly meeting on Wednesday.

The concessionaire of the Nessebar port terminal, on the Black Sea coast, will have to invest at least 680,000 levs, value added tax excluded, during the first ten years of the contract's term and no less than 2.18 million levs during the entire period, the statement added.

When evaluating the offers for the Lom port terminal concession, the proposed size of the fixed concession fee will carry 50% weight, against 25% for the proposed average annual cargo throughput and 15% for the variable concession fees. The investment and business proposals will carry 5% weight each.

For Nessebar port terminal, the proposed investments and fixed concession fees will carry 30% weight each, against and 25% for the proposed variable concession fees and 15% for the business proposal.

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