Bulgarian tie-up lands 2.6 mln euro water supply system reconstruction deals

Bulgarian tie-up lands 2.6 mln euro water supply system reconstruction deals

Bulgarian tie-up Hydro Build has signed six water supply system reconstruction deals with Stambolovo municipality, worth a total of 5.1 million levs ($2.9 million/2.6 million euro), the local authorities said on Monday.The municipality will partially finance the contracts with EU funds under the Rural Development Programme 2014-2020, Stambolovo municipality said in a notice.Hydro Build submitted the sole offer for three of the six contracts, while the other three attracted interest from just one more bidder.The contracts concern the water supply network of the villages of Stambolovo, Gledka, Golyam Izvor, Dolno Botevo, Zimovina and Tzareva Polyana.According to registry agency data, the Hydro Build tie-up is 50/50% owned by local companies ViK Bunar and Garant Stroy.

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