The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a new bridge over the Danube River between Giurgiu in Romania and Ruse in Bulgaria, reports "Economedia". The maximum period for completing the study is 23 months from the contract's effective date.
The maximum cost of the feasibility study is estimated at 71.9 million Romanian lei (EUR14.46 million), which will be funded by EU grants provided through the Connecting Europe Facility (CEF). The documentation for awarding the contract for the feasibility study has been published in the Electronic System for Public Procurement. This will be the third bridge over the Danube between Romania and Bulgaria, "Economedia" recalls.
Bulgaria has the opportunity to reap the full benefits of eurozone membership , but this will require stronger fiscal discipline, effective management of transition risks, and accelerated structural reforms , the International Monetary Fund (IMF)..
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