Two Place Bids in 145 mln Euro Greece-Bulgaria Gas Link Construction Tender

Two Place Bids in 145 mln Euro Greece-Bulgaria Gas Link Construction Tender

Greece's J&P-AVAX and a tie-up named IGB-2018 have submitted offers to build the gas interconnector Greece-Bulgaria in a tender valued at an estimated 145 million euro ($162.4 million) excluding VAT, the project company said on Tuesday.
Sofia-based ICGB is planning to complete the selection process next month, paving the way for construction works to begin in June, it said in a statement.
The deadline for completing construction works is 18 months from their start.
"The next steps include review and evaluation of the technical proposals, technical assessment in accordance with the indicators of the methodology and opening of the price proposals," ICGB said.
According to previous statements from ICGB, the IGB-2018 consortium comprises Italy's Bonatti and Bulgarian construction companies GP Group and Glavbolgarstroy International.
The tender attracted expressions of interest from more than 10 candidates, five of which were selected by ICGB to submit offers in the second stage of the procedure.
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