The concessionaire that will run the new liquid chemicals terminal of the Bulgarian Black Sea port Varna will have to invest BGN 16 M in the facility, the government decided.
The investment will have to be made in the first three years of the 35-year concession deal. It will be the first in Bulgaria "green filed concession."
The new terminal is part of the Varna West section of the port and will have an area of 12 ha. The concessionaire will have to build tanker berths, pipe and road infrastructure and to supply technology for the handling of ethylene dichloride, sulphur acid and liquid fertiliser.
The concessionaire will not be allowed to subcontract port services.