November 22, 2017

Bulgaria, Romania to run new Danube Bridge together

The Bulgarian government approved a draft agreement with Romania for the creation of a joint venture to operate the future “Danube Bridge 2″ (the second bridge to link the two Balkan states over the Danube River). The Cabinet in Sofia granted a mandate to Transport Minister Ivaylo Moskovski to negotiate the signing of the joint venture agreement with the Romanian side on the bridge linking Bulgaria’s Vidin and Romania’s Calafat. Bulgaria and Romania will have 50/50 shares in the future joint venture that is to maintain Danube Bridge 2 and its adjacent infrastructure along the banks of the Danube. Sofia and Bucharest are still to agree on the registration and central office of the future company as well as the dispute resolution procedure and the tax rules that it will abide by.

Source: Novinite.com (read more)

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