site.btaRegional Development Minister Signs Framework Cooperation Agreements with Five Chinese Companies

Sofia, July 6 (BTA) - Regional Development Minister Nikolai Nankov Friday signed framework cooperation agreements with five big Chinese companies, his Ministry said. The projects envisaged in the agreement include a tunnel under Shipka Peak, the Black Sea motorway, the Hemus motorway, the Rousse-Veliko Turnovo motorway and the Vidin-Botevgrad expressway.

The companies expressing an interest in Bulgarian road infrastructure projects are China Communications Construction Co., China Road and Bridge Corporation, CITIC Construction, Mizrahi Real Estate Group inc. together with China Machinery Engineering Corporation, and Quantum Global Solutions with PowerChina International Group Limited.

Nankov noted that in addition to its strategic location with direct access from Europe to the Middle East and Asia, Bulgaria offers advantages including a good business environment, stability and EU membership. He said his Ministry maintains dialogue with China, recalling a cooperation agreement signed with its Ministry of Housing and Urban-Rural Development in 2016.