“Stanilov & Valmex” Consortium will carry out the stabilization of the landslide in the Sveti Nikola area

The Bulgarian consortium “Stanilov & Valmex” will carry out the stabilization of the landslide in the Sveti Nikola area near Varna. The construction and supervision contracts were signed today by the Minister of Regional Development and Public Works Asen Gagauzov and the representatives of the selected firms. The total amount of the construction contract is EUR 4,994 million including VAT. The construction supervision of the project is assigned to “Mott MacDonald” – United Kingdom. The contract is in the total amount of EUR 226, 000 including VAT. Signing the contracts is the first step and the Ministry of Regional Development and Public Works will monitor the timely completion of the project, underlined Minister Gagauzov. The construction and supervision contractors were selected after open international tenders and approved by the European Investment Bank which is financing the project. The stabilization of the landslide in the Sveti Nikola area is being carried out under the project called “Bulgaria – Protection of the Riverbanks and Coastline from Erosion and Water Abrasion and Related Landslide Processes” which is funded by the European Investment Bank (EUR 25 million), Council of Europe Development Bank (EUR 15 million), and by the state budget (EUR 14 million). The construction works under the project are expected to start in the beginning of October this year and continue 30 months. The construction works are to be limited during the summer season. The objective of the project for the stabilization of the landslide in the Sveti Nikola area is to ensure the security of the Varna-Zlatni Piasatsi road in the section between the Pochivka and the Trakata areas. A new 3,3 km highway water pipeline is to be constructed as part of the project. It will help reduce water losses and considerably limit the ground water level, which is one of the major causes for the landslide processes in the area. Public Relations and International Activities Directorate