Bulgaria's ISA 2000 and a local consortium comprising Avtomagistrali-Hemus and Avtomagistrali-Cherno More will launch a 45 million levs ($27.3 million/23 million euro) overhaul of a section of the road linking Ruse to Kubrat on September 17, the Road Infrastructure Agency (RIA) said on Tuesday.
The project for the reconstruction of the 46.7 kilometre long road section in northeastern Bulgaria is to be completed in ten months, the government agency said in a statement.
As much as 12.1 million levs of the estimated cost of the project will come from the EU's operational programme Regions in Growth 2014-2020.
ISA 2000 will be responsible for the rehabilitation of 21.5 km of the Ruse-Kubrat road, under a contract worth some 23 million levs, VAT included, RIA said.
The tie-up between Avtomagistrali-Hemus and Avtomagistrali-Cherno More will be responsible for the repair of a further 25.2 km of the road under a 22.3 million levs contract.