Athens-based construction company Terna, a wholly-owned unit of Greece's Gek Terna, said that it signed a 154.7 million euro ($181.9 million) contract, VAT included, with Bulgaria's state-owned National Railway Infrastructure Company (NRIC) for works on the Petarch-Dragoman and Voluyak-Dragoman railway sections.
The project comprises 20.9 km of railway infrastructure, including earthworks, bridges, overpasses, track laying and construction of four railway stations, complete electrification as well as the design and construction of a 33 km railway signalling and telecommunications system, Terna said in a statement last week.
Construction works are expected to be completed within 48 months.
Gek Terna's total backlog of signed and pending signature agreements now amounts to approximately 3 billion euros, including the said project in Bulgaria, the group's subsidiary also said in the statement.
Terna, established in 1972, is active in the the construction of railway and highway networks, office buildings, hospitals, museums, resorts, hydro-electric plants, industrial facilities, etc, according to information published on the company's LinkedIn profile.