Bulgarian Construction Co Wins Bid for Sofia Beltway

Bulgarian Construction Co Wins Bid for Sofia Beltway

Bulgaria's top construction company "Glavbolgarstroy" will continue to build the southern loop of Sofia's beltway. The company's bid for the 2.14-km section between the "Simeonovsko Shosse" boulevard and the "Mladost 4" district was the lowest among a total of 11 offers.

"Glavbolgarstroy" is prepared to build the road for BGN 37 000 B without Value Added Tax (VAT), which is 35% less than the estimated price of BGN 56 M without VAT of the State Road Agency.

Out of the 11 bidders, 5 made it to the final round. The Austrian "Alpine Bau" was the only foreign finalist. The second lowest bid belongs to the consortium between "Trace Holding," SK 13, "Balknastroy," and "Stanilov" - BGN 40.5 M.

GBS experts said that the new section is not built-up like the previous one, which eliminates the need to work piecemeal.

The company has committed to complete the project within two years, offering a warranty for the road of three years. A warranty of five years and eight months will be provided for road facilities that will also be built as part of the contract.

The project is financed by the EU operational program Regional Development.

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.