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14.03.2014 12:39
Bulgarian Government Tags BGN 1.5 Bn without VAT for Hemus Motorway
Terzieva added that the option of public-private partnership for the construction of Hemus motorway is not on the government’s agenda, as the foreseen traffic was rather low and missed to attract potential private investors

  • © Bulgarian Ministry of Regional Development

The Bulgarian Ministry of Regional Development proposed a route for the completion of Hemus motorway which is to link the capital city Sofia with Varna via Northern Bulgaria. Minister Desislava Terzieva announced that the government has set aside BGN 1.5 billion (about EUR 750 million) for the construction of the preferred “blue route”.

“Four options for the motorway were considered, but the improved “blue route” which passes between Lovech and Pleven is the most realistic”, minister Terzieva pointed out.

Terzieva added that the option of public-private partnership for the construction of Hemus motorway is not on the government’s agenda, as the foreseen traffic was rather low and missed to attract potential private investors. This announcement follows a governmental decision to suspend the existing Public-Private Partnership Act, as it is "not working properly", according to an official press release from the government from last week. The planned cancelling of the PPP Act was also confirmed by minister Terzieva.

“Nevertheless Hemus remains a priority for the government”, minister Terzieva stated.

The project for the completion of the motorway has been stalling for decades, mainly because of the expected lower traffic compared to the southern transport tangent of the country.

TAGS: Bulgaria | transport | infrastructure | Hemus | motorway | highway | public-private partnership | financing 

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