Standart News

The project company for the construction of a major highway running from Romania to Turkey and Greece via Bulgaria (aka the Ruse-Svilengrad Road) is to become operational in October. The project will be implemented through a public-private partnership scheme. The latest news surrounding the Ruse-Svilengrad high-speed road project were announced Tuesday after the second working meeting of representatives of the participating countries (Bulgaria, Turkey and Qatar). According to reports of the Bulgarian National Radio (BNR), the three countries will be proportionally represented in the company. The project company will carry out the planning and the financial analysis of the construction and exploitation of the road. Lilyana Pavlova, Minister of Regional Development and Public Works, specified in a Tuesday statement that Bulgaria would not have any other financial commitment than the expropriation procedures and the issuance of construction permits. She explained that a future concessionaire would cover the cost for the construction of the toll road.