Geri Holding, the American company running its business in Italy, has now officially deposited its investment plan for the airport in Gorna Oryahovitsa in the Bulgarian Ministry of Transport; the total cost of the project is more than 100 million euro. The information was published in a local newspaper last week.
The Council of Ministers is expected to vote the conditions of the concession by the end of May and the optimistic outcome of the situation is that by the end of the year Gorna Oryahovitsa Airport will have its concessioner.
It was revealed that, as we already know, the American investor intends to bring back to life the airport and operate passenger and cargo flights. The new info that was disclosed is that he will also set up an aircraft recycling factory where ‘retired’ airplanes will be disassembled and parted out. Reportedly this will be the first of its kind air base in Europe. The local economy will also be boosted and the labour market will be awakened – around 500 new jobs will be available once the airport is a fact.
The new road is looking good.
The road connecting Veliko Tarnovo and Elena is officially open from today. The lot was closed for the last six months following the landslides in December which split it in two. The reconstruction of the road was completed within the set time limit and only the horizontal road markings need to be painted. Due to the recent precipitations it was not done but once the weather allows it the process will be finished.
During the rehabilitation of the road more than 90 reinforced concrete beams were placed along the trace to provide further protection; each of them is 8 m long. Surface and ground waters which were the main reason for triggering the landslides are now drained through newly-built ditches.
Veliko Tarnovo municipality came up with a project how to make one of the most dangerous roads in Veliko Tarnovo safe for pedestrians. The one of its kind for the town pedestrian crossing will stretch above Magistralna Street which accommodates the national traffic between Varna and Sofia. The footbridge will start at Gabrovski Park and will connect this part of the town with two of the most populated neighbourhoods of Veliko Tarnovo – Zone B and Buzludzha. The facility will be 64 meters long and will finish at the stairs, near McDonalds’, leading to the two districts. It will be equipped with a lift so that is provides easy access for disabled people and mothers with prams. The overpass will be 15 meters high and will have tubular construction to minimize its cost which is estimated to be around 150,000 euro.
The plans the Government had to build a high-speed road between Veliko Tarnovo and Ruse have changed. The Regional Development Minister, Lilyana Pavlova, announced last week that it was decided that a motorway will connect the towns. The planning process will start this year and the Road Infrastructure Agency will allocate 4 million leva of its budget to the project. If funding is secured the motorway could be ready as early as 2020 according to Pavlova.
The Government hopes to find financing under the Juncker Investment Plan. Further talks will be held with the European Investment Bank for the motorway project to be included in the future European transport corridors operational programme which is to replace the current Transit Roads V which is funded by the bank.
Initial plans for the Hemus Highway to pass 30 km away from Veliko Tarnovo have been abandoned and it is now official that the motorway will be built just 15 km away from Veliko Tarnovo. It will connect Varna with the capital Sofia and will run near the village of Polikraishte, north of V.T. A major junction will also be constructed; Hemus Highway will intersect there with the future Ruse – Veliko Tarnovo Motorway (for which I am going to tell you more in the next couple of days).
According to the Regional Development Minister Lilyana Pavlova the change of the route is economically well-grounded – tourist flow, transit traffic to and from Europe through the Danube Bridge, as well as the airport in Gorna Oryahovitsa are the factors that tipped the balance in favour of the new route.