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€10 Million To Be Invested In Varna Port By 2020

€10 million to be invested in Varna port by 2020

Source: Port of Varna
Varna, Bulgaria (PortSEurope) May 31, 2018 – A new investment programme of €10 million ($11.68 million) has been prepared for Port Varna, Bulgarian deputy transport minister Velik Zanchev said. The money will be used for the development of the free trade zone in the port, for new equipment and overall improvement of the port’s infrastructure. Zanchev also confirmed that in order to relocate the port
away of the centre of the city and the construction of an intermodal terminal (project Varna Connect), there is a need of a powerful investor. Such an investor might be one the Chinese state-owned holdings under the framework of the Belt and Road Initiative (new Silk Road). Later this year, Bulgaria will host the traditional “16+1” meeting between China and Central and Eastern European countries. Port of Varna EAD is operator of port facilities for public transport of national importance: Varna East Port Terminal (including Passenger Terminal) and Varna West Port Terminal. Port of Varna EAD can handle all types of cargo, including containers, general cargo, dry and liquid bulks.  The port provides services to passenger and cruise ships, scientific vessels and pleasure boats. Varna Connect is an EU-sponsored project to construct and intermodal terminal Varna, a complex infrastructure transport object that will enable efficient, safe and quality concentrate at one point, processing and redirecting the cargoes. For the intermodal terminal Varna is envisaged the construction of two berths for handling containers, along with storage for containerisation and de-containerisation, other two berths for handling grain cargoes, together with the silo, one multifunctional berth and a pair for service vessels. Operational depth in the waters of the new intermodal terminal must be 12.5 metres. It is envisaged construction of a new loading station Varna-West with the necessary railway infrastructure that will serve the IMT. The main objective of this project is through creation of conditions for optimal interaction and integration of the different transport modes to achieve improvement of modality in the European Southeastern region. It will help to optimize the existing infrastructure and will result in improving of the quality of the provided transport services in Varna region. Source: Provaton Copyright (C) PortSEurope. All Rights Reserved. 2018.

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