TBK Advises Bombardier on 94,6 Million Euro Railway Procurement Contract in Bulgaria
TBK has advised Bombardier Transportation Italy, as part of the Plobur Consortium, on the entry into a public procurement contract with the state-owned National Railway Infrastructure Company (NRIC) worth 94,6 million euro (185 million levs/$103.8 million), which was signed yesterday. TBK provided the client with full legal support during contract phase of the procurement procedure.
The deal is part of the rehabilitation of the railway line connecting Bulgaria’s second largest city Plovdiv with the city of Burgas, on the Black Sea coast, and envisages upgrade of the signaling system of 18 railway stations, integration of an European Train Control System, a video surveillance system and a dispatch system. The project benefits from EU funding under Operational Programme Transport and Transport Infrastructure 2014-2020.