Bulgartransgaz Picks Arkad Tie-up to Build 484 km Gas Pipeline

Bulgartransgaz Picks Arkad Tie-up to Build 484 km Gas Pipeline

Bulgartransgaz said on Wednesday that it has picked a tie-up comprising Saudi Arabia's Arkad Engineering and Construction Company and Italy-registered Arkad ABB to build a 484 km pipeline for transit of natural gas from the border with Turkey to the border with Serbia.
The consortium has offered to build the pipeline for 1.29 billion euro ($1.45 billion) within 250 days, or for 1.10 billion euro should the deadline be extended to 615 days, the state-owned Bulgarian gas transmission network operator said in its decision.
DZZD Consortium Gas Development and Expansion in Bulgaria, comprising Italy's Consorzio Varna 1 and the Bulgarian branch of Luxembourg-registered Completions Development, was ranked second in the tender, with price offers of 2.41 billion euro and 1.60 billion euro for the respective construction periods of 250 days and 650 days.
A third candidate, a tie-up of ОТ Industries Fovallkozo Zrt. and OT Industries – KVV Kivitelezo Zrt. was disqualified by Bulgartransgaz.

Previous Next
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.