High officials sign Bulgarian Container Terminal deal at Varna

AN agreement between Bulgarian Regional Development and Public Works Minister Asen Gagaouzov, Transport Minister Peter Moutafchiev, Varna Mayor Kiril Yordanov has been signed agreeing to build a new container terminal at Varna East Port.

The city and the two ministries are expected to organise and conduct an international bidding. reports Verkehr.co.at, the Austrian transport and logistics news site.

The signing of memorandum sets in motion the move of the Varna East Port project, Mayor Yordanov said. Prime Minister Sergei Stanishev, who attended the signing, said Varna had long needed a new terminal.

"The parties to the memorandum have undertaken concrete commitments. I am sure we will honour them," Mr Stanishev said.