Local Tie-up Launches Construction of 47.5 Mln Euro Bypass
Thursday, 01 January 1970
A local consortium launched the first phase of a 92.9 million levs ($61.1 million/47.5 million euro) project for the construction of a road bypassing the town of Gabrovo, in central Bulgaria, the country's Road Infrastructure Agency said.
The first phase of the project involves building a 23.3-kilometre (km) road stretch, connecting the bypass with the existing І-5 road and drafting a design for a 3.2-km tunnel under the Shipka peak, the agency said in a press release.
The consortium comprises local civil engineering companies Hidrostroy, Patni Stroezhi - Veliko Tarnovo and Patinzheneringstroy.
The project is co-financed by the EU-funded operational programme Transport and the national budget.