Bulgaria to offer concessions for Black Sea and Danube River ports in 2020

Varna, Bulgaria (Ports Europe) February 19, 2019 - Bulgaria will launch concession tenders for its largest Black Sea and Danube River ports in 2020 with the most lucrative ones being the projects for the development of Varna-East and Varna-West ports, according to the action plan for State Concessions 2019-2020, adopted by the Bulgarian Council of Ministers All ports concessions will be with duration of 35 years with an option for extension of 11.5 years. The concessions are: Development of the Black Sea Varna East port terminal for all types of cargo with a territory of 343,027 m² and development of Varna West port terminal for all types of cargo with a territory of 1,826,799 m². Concession payment for both terminals of BGN 420 million (€215 million). Development of the Black Sea ferry terminal Varna with a territory of 1,007,000 m². The concession payment is BGN 49 million (€25 million). Development of the Black Sea Burgas East 1 port terminal for all types of cargo with a territory of m². The concession payment is BGN 52 million (€27 million). Development of the Danube River Zimovnik Russe (Ruse, Rousse) port terminal for all types of cargo with a territory of 32,734 m². The concession payment is BGN 88,212 (€45,000). Development of the Danube River Russe East 1 port terminal for all types of cargo with a territory of 333,057 m². The concession payment is BGN 8.158 million (€4.171 million). Development of the Danube River Russe East 2 port terminal for all types of cargo with a territory of 355,132 m². The concession payment is BGN 14.621 million (€7.477 million). Development of the Danube River Russe West port terminal for all types of cargo with a territory of 117,003 m². The concession payment is BGN 6.302 million (€3.223 million). Development of the Danube River Vidin Center port terminal for all types of cargo with a territory of 18,261 m². The concession payment is BGN 863,000 (€441,000). The development of Varna East and Varna West port terminals in Bulgaria’s third largest city is expected to boost the expanding industrial zone around Varna and to facilitate exports/imports with Russia, the Caucasus and China (the new Silk Road project, part of the Belt and Road initiative also known as One Belt, One Road, or OBOR). The same is valid for the southern Black Sea port of Burgas. The development of the Danube River ports of Russe and Vidin is in accordance of the EU Strategy for the Danube Region (EUSDR). Copyright (C) Ports Europe. All Rights Reserved. 2019.

Bulgaria to offer concessions for Black Sea and Danube River ports in 2020

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Bulgaria to offer concessions for Black Sea and Danube River ports in 2020

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Our Expert Analysis

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