Sun, Nov 22 2009
Construction works on Lyulin Highway could be fast-tracked, so that it is concluded by the end of next year, regional development minister Assen Gagaouzov was quoted as saying by Sega daily on March 21.
The Government will do its best to speed up construction works and launch the infrastructural development by mid-2009, Gagaouzov said at a meeting with representatives of businesses from the Pernik area.
The 19km-long Lyulin Highway, estimated to cost 148 million euro, will link the capital with the future Strouma Highway, which will run from Pernik to Kulata check-point at the Bulgarian-Greek border, minister Gagaouzov said.
A considerable amount of resources would be allocated to Pernik region this year, he added. At least 23 million leva have been earmarked for Pernik municipality under the Regional Development programme, the minister noted.
The Black Sea town of Pomorie has approved a proposal for the construction of a spacious and modern marina, with a capacity of over 600 yachts and small passenger ships.
Over the course of a year, from one of the leaders in Europe in new construction, Bulgaria became one of the countries currently quagmired at the bottom of the table and was now amongst the three worst hit countries, along with Romania and Slovenia.
The park is posed to act as an economic stimulant in the region, creating a modern infrastructural base for companies. It is set for completion by Q3 of 2010.
Both retailers target at least 50 outlets in Bulgaria by the end of 2010.
When will Bulgaria’s real estate and construction sector recover?