Bulgaria to extend building materials deposit concession deals with four local cos

Bulgaria to extend building materials deposit concession deals with four local cos

Bulgaria's government said that it decided to extend by 15 years its concession agreements with local companies Holcim Karirerni Materiali Plovdiv, Holcim Karierni Materiali, Karireri i Varodobiv and Dimas, for several deposits for building materials.

The government extended the terms of the contracts with Holcim Karirerni Materiali Plovdiv and Holcim Karierni Materiali for the concession of the Ahmatovo deposit and Pet Mogili-East deposit, respectively, the government said in a statement following its weekly meeting on Wednesday.

The end owner of the two companies is Switzerland-based building materials group LafargeHolcim.

The concession contract for the Ahmatovo sand deposit, in Plovdiv region, was signed in 2001, for a period of 20 years. The agreement for the Pet Mogili-East deposit for sand and gravel was awarded in 2002, the statement showed.

The concession deals with Karireri i Varodobiv and Dimas concern the Tursko Usoe section of the Zemen deposit and the Tchirikovets deposit, respectively.

The concession deal for the section of the Zemen limestone deposit, in Pernik region, was signed in 2007. The agreement for the Tchirikovets deposit for sand and limestone, located in Gabrovo municipality, is in force since 1997, for a 25-year period.

According to the government's statement, all companies requested the extension of their concession contracts due to the presence of further resources at the respective deposits.

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