Bulgartransgaz Picks New Winner of multimillion-euro gas Pipeline Tender

Bulgartransgaz Picks New Winner of multimillion-euro gas Pipeline Tender

State-owned natural gas transmission network operator Bulgartransgaz said it has disqualified the winner of a multimillion-euro tender for construction of a pipeline for gas transit from the border with Turkey to the border with Serbia, and picked a new contractor. Under the new decision, a contract will be signed with the second-ranked consortium comprising Italy's Consorzio Varna 1 and the Bulgarian branch of Luxembourg-registered Completions Development, which proposed to build the 484 km-long pipeline for 2.41 billion euro ($2.69 billion) within 250 days, or for 1.10 billion euro should the deadline be extended to 615 days, Bulgartransgaz said in a statement on Tuesday.

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