Press Center

2008-11-19 - Builder GBS eyes Rila highway project

Glavbolgarstroy (GBS), one of Bulgaria's biggest construction companies, is gearing to build Rila motorway, which will provide speedy access from the capital to the winter resort of Borovets and tie it to Struma, Trakia and Hemus highways.

The news was announced by the holding company's executive director, Kalin Peshov, at a public-private partnership conference held by Utilities Services and sponsored by Holding Patishta.

GSB has expressed interest with the ministries of finance, transport and regional development. Under a contract with Deutsche Bank, the company has prepared a geological report on the track and is now preparing an environmental impact assessment report, traffic analysis and forecasts.

The project cost is seen at some EUR 500 million of which the investors will secure 30%, said Peshov.

The concession procedure can open once the national road infrastructure agency has approved and checked the project, said Tsveta Kamenova, the agency's acting supervisory board chairwoman.


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