Bulgaria’s Road Infrastructure Agency (RIA) said a total of 22 bidders have shown interest in the upgrade of two sections of Trakia motorway with a total length of 46 kilometres (km) and a combined estimated value of 50 million euro ($70 million).
Ten candidates have submitted letters of interest (LOIs) for the upgrade of a 14.4 kilometre (km) section in the Plovdiv region, worth 20 million euro, RIA said in a press release over the weekend.
The agency has received LOIs from four companies and six consortia, including Bulgarian and foreign countries.
A total of 11 candidates have shown interest in the reconstruction of a series of sections with a combines length of 32 km and a value of 30 million euro, RIA said in a separate press release. Five companies and six tie-ups have submitted LOIs for the sections, which are located near Sofia and Pazardzhik.
Bulgaria’s Trace Group Hold, Hydrostroy, Patstroy Burgas, Integrirani Patni Sistemi, Agromah and PST Holding submitted bids for both tenders.
The two sections should be completed within 18 months of signing.