Sun, Nov 22 2009

Turkey's Dogus Insaat, Trace Holding picked to build Sofia's second metro line

Tue, Jul 22 2008 18:11 CET 299 Views

Turkish construction firm Dogus Insaat ve Ticaret and the Metrotrace consortium were picked to build Sofia's second metro line, Sofia mayor Boiko Borissov said on July 22, as quoted by website zagrada.bg. The offers were picked based on the price offered, with the lowest bids awarded the contracts, zagrada.bg said.

Dogus Insaat, the construction subsidiary of Dogus group, one of Turkey's biggest privately-owned business conglomerates, offered the lowest price on the 3.8km stretch between Nadezhda flyover and Patriarh Evtimii Boulevard, which will have four stations. The company offered 329.1 million leva to build the stretch.

Metrotrace, a consortium of companies from the Bulgarian construction group Trace Holding, wuoold build the 2.6km stretch between Patriarh Evtimii and Cherni Vruh boulevards, with three stations, for 142 million leva.

The combined costs, at 471.1 million leva, are some 85.9 million less than the lowest prices offered in the first tender earlier this year, Borissov was quoted as saying.

The bulk of the funding - 185.1 million euro, or 362 million leva - would come from European Union structural funds under operational programme for transport, which means that it has to be approved by the European Commission. The rest of the money would come from the Sofia and central government budgets.

Unless other bidders file appeals filed within the next 10 days, the city hall would move to sign contracts with the firms involved, investor.bg quoted Borissov as saying.

Construction work could start as early as September, Borissov added, as quoted by zagrada.bg, and would have to be completed within 45 months, which means that the second line of the Sofia metro should become operational in mid-2012.

Source: zagrada.bg
Published under creative commons license

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

Bulgarian MPs resurrect proposal to raise spirits excise

Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.

Back to the future

Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector

At a crossroads, again

Kremikovtzi’s prospects for a recovery plan appear increasingly distant

Cash or card?

Bulgarians are getting the hang of debit and credit cards, MasterCard says

Bulgarian telecom Spectrum Net acquires local peer Orbitel

The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.