EIB Mulls Lending 73 Mln Euro to Bulgaria for Struma Motorway Construction
Wednesday, 16 October 2013
The European Investment Bank (EIB) is considering lending 73 million euro ($99.04 million) to Bulgaria for the construction of three sections of Struma motorway, which links the country's capital with the Greek border, the bank said.
The construction of the three sections with a total length of 68.48 kilometres (km) - two sections with a total length of 53.78 km between Dolna Dikanya and Blagoevgrad, and a 67 km section from Damyanitsa to Kulata, next to the Greek border - will cost 385 million euro in total, the bank said.
They are part of the trans-European transport network (TEN-T) and are co-financed by the EU Cohension Fund.
The project has been approved by the country’s road infrastrucutre agency and has been awarded to contractors through international open tenders, it added.
The Struma motorway, with a total length of 173.28 km, is part of pan-European transport Corridor IV. Its construction is divided into four sections: Dolna Dikanya – Dupnitsa, Dupnitsa – Blagoevgrad, Blagoevgrad-Sandanski, and Sandanski-Kulata.