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Trakiya highway concession deal to be audited

Date: 12.11.2005

Bulgaria's Council of Ministers decided that a financial audit should be launched into the concession deal of the Trakiya highway.

Regional Development Minister Assen Gagauzov will have to present the entire documentation on the deal to Finance Minister Plamen Oresharski.

Bulgaria's key southern road-belt was granted on a 35-year concession to a Bulgarian-Portuguese consortium.

The joint venture, grouping two Bulgarian state-owned companies, Highways AD and Technoexportstroy, and the Portuguese firms MSF, Lena, and Sacyr Vallehermoso's Portuguese unit Somague, signed a government contract in March to rehabilitate and complete the construction of Bulgaria's second largest cross-country highway.

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