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BULGARIA AND GREECE SUPPORT COMMON OIL PIPELINE PROJECTS

Thu, Jun 29 2006 15:21 CET 338 Views

The Cabinet officially supports the Bourgas-Alexandroupolis and Bourgas-Vlora oil pipeline projects, Regional Development Minister Assen Gagauzov said during a business forum in Athens organised by The Economist.

Regardless of which project would be executed first, the construction of an oil pipeline would affect the market tendencies and would make the execution of the second project possible, Gagauzov said.

The Cabinet already works on improving the Bourgas port infrastructure to make the construction possible, Bulgarian National Radio (BNR) reported.

According to expert analysis the Bourgas-Alexandroupolis project, which would be executed by 2010, exceeded in economic efficiency all alternative oil pipeline projects.

Bulgaria and Greece also shared common interests in concluding the construction of the European transport corridors passing through the countries and in applying unified standards in developing the transport infrastructure, Gagauzov said.

From 2006 to 2015 Bulgaria plans constructing over 700 km of highways, part of the trans-European corridors. These include Trakia, Lyulin, Maritsa, Hemus and Cherno More highways, BNR reported.

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