104 MLN LEVA INDUSTRIAL PARK
A consortium comprising Bulgarian and foreign companies will build a 104 million leva industrial park in Elin Pelin municipality outside Sofia, with both storage-logistics and production space. The project, dubbed Park Industria - Sofia Iztok, received a First Class Investor Certificate from Bulgaria's Investment Agency on September 28. The deadlines for the start and completion of construction are yet to be made available. The park will have 83 506 sq m of storage space, 9278 sq m of conditioned storage, 24 743 sq m of production facilities, 10 577 sq m of offices and 6186 sq m of support and maintenance space. Construction will give jobs to 400 people and once launched, there will be jobs for 2000 people. Partners in the consortium are Bulgaria's Roslin Capital Partners, UK BG Investment & Consulting Ltd., Swiss Aurora Management Associated Ltd. and a host of companies from the UK, Belize, Luxembourg, Switzerland and Bulgaria.
NEW MALL IN SOFIA
The 100 per cent arm of Austria's developer and investor Real 4 You Group, Magnum Bulgaria Gama Ltd., turned the first sod of what is to be Sofia's Lyulin neighbourhood's first mall. The 55 million euro Mega Mall should welcome its first clients in November 2009. It will have 70 000 sq m in total built-up space, of which 24 000 sq m will be leasable and is to include 100 shops, cafes and restaurants. The mall will have a 800-space four-level parking lot, with one level underground. Robert Kern, managing director of Real 4 You Group, told investor.bg that the choice of location was predicated on the immediate proximity to Lyulin's subway station and the high population density in the residential neighbourhood.
TALKS ON INTERSTATE RAILWAY
Bulgaria's Transport Minister Petar Moutafchiev and his Macedonian counterpart, Mile Janakieski, signed in Ohrid a declaration aimed at spearheading construction of a railway stretch to interconnect Bulgaria and Macedonia. The document commits the two states to find both financial and technical means for the section, tipped to become part of pan-European corridor No. VIII . At the signing, Moutafchiev said that Bulgaria was ready to allot 10.5 million euro for the project. Bulgaria's contribution to the project, he said, was a new 2.5 km section to link the town of Kyustendil with Gyueshevo and a 100m tunnel in the border zone. Macedonia, in turn, will have to procure 220 million euro for a railway stretch to reach the capital Skopje. Janakieski said Macedonia planned to seek EU financing for the project. The government, he said, wants to complete the project by the time its current term of office expires.
The new Plovdiv Airport will represent a module-based construction, which will allow for both expansion and disassembly, Bulgaria's Transport Minister Petar Moutafchiev said while on a visit in Albania. The project will be a close replica of Tirana's Mother Theresa airport, which has the capacity to serve a million passengers a year. Moutafchiev said that the transport and defence ministries had resolved a dispute over ownership of the airport. As a result, all property rights to Plovdiv Airport will be transferred to the transport ministry before the end of the year. The ministry is yet to decide whether expansion of the Plovdiv air facility will be entrusted to a concessionaire or will be financed by the state.