Italian-Bulgarian consortium signs contract for Plovdiv-Burgas railroad repair.

By bne IntelliNews February 10, 2011
The consortium between Italys Generali Costruzioni Ferroviarie (GCF) and Bulgarian Trace and SK-13 and the state Railway Infrastructure signed the contract for rehabilitation of the railway between the countrys second largest city of Plovdiv and the Black Sea city of Burgas in southern Bulgaria, Trace informed through the local stock exchange. The consortium offered the lowest price (BGN 380mn, EUR 194mn) in the tender for the reconstruction of the 290-km railroad stretch. The rehabilitation of all the three sections of the railroad should be completed in 165 weeks at latest. The project is financed by the EU cohesion fund under the countrys transport operational programme. Once the reconstruction of the railroad stretch is completed, trains will be able to travel at an average speed of 130-160 km/h compared to the current 80 km/h.
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