Govt Taps Port Invest for 35-Yr Concession on Lom Port Terminal

Govt Taps Port Invest for 35-Yr Concession on Lom Port Terminal

The Bulgarian government has picked local company Port Invest to operate under a 35-year concession arrangement the Lom port terminal, on the Danube river.

Port Invest plans to invest 6.38 million levs ($4.35 million/3.26 million euro) in the first four years of the concession arrangement and 22.4 million levs in the remaining period, the government said in a statement, following a regular weekly meeting on Wednesday.

The company will pay an annual concession fee of 187,100 levs.

Port Invest plans the terminal to service an average of 480,000 tonnes of cargo and 1,800 passengers per year.

 

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