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Some 3.5 Billion to be invested in Balchik over 25 years

Date: 18.12.2005

The money will be invested by the firm "Port-Balchik," which won the tender for concession. During the first 2 years the investments have to reach a little more than 1 billion levs.

The main obligation of the concessionaire is to keep the existing jobs during the whole period of the concession. Besides, he has to ensure a mean annual commodity turnover of 201 510 tons. So far, almost all operational Bulgarian ports have worked out development master plans, announced the Deputy Minister of Transport and Communications Yudjel Atila.


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