The Bulgarian government will finance the construction of the new multi-purpose sports hall in Sofia with 108 million leva from the fiscal reserve, Stroitelstvo Gradut weekly reported on April 14 2010.
The facility is being built at 4KM in Sofia, with Glavbolgarstroi in charge of overall construction.
The decision was approved on April 6 by the Cabinet and was published in the National Gazette. Nearly two thirds of the sum – 71 million leva will be wired in 2010, while the remaining 36.6 million leva will be made available from the 2011 Budget, the report said.
Construction of the new modern hall first started in 2009, but had to be halted over irregularities, such as the lack of a project supervisor.
Glavbolgarstroi, in the end, won the bid for the construction of the facility, tabling 107.6 million leva, which was deemed superior to Strabag's 111.7 million leva offer.
The facility, with 12 000 capacity and a 43 000 sq m built-up area, is poised to be completed by August 1 2011. The site, a total of 63 240 sq m next to Tsarigradsko Chaussee Boulevard. The plot is owned by the Defence Ministry.
The hall will accommodate basketball, volleyball, handball and gymnastics events, as well as conferences, concerts and other social events. The hall must allow future expansion and meet European Union standards to host domestic and international sporting events.