Wednesday, April 2, 2008

Bulgaria, Romania among 8 Countries to Join Grand Highway Project

Sofia News Agency

A 7,000-kilometer-long highway, which will connect eight of the Black Sea Economic Cooperation Organization member-states, is to be constructed in the framework of a memorandum to be signed by the countries.

Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine are the state that will allocate money from their budgets and national funds to realize the project.

EU funds, the European Investment Bank, the European Bank for Reconstruction and Development and the World Bank will also help the motorway's construction.

Bulgaria's government is to discuss the memorandum conditions on Wednesday.

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