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Bulgarian gas pipeline tender awarded to Arkad Engineering-led consortium
April 4, 2019
Source: Reuters

Bulgarian gas pipeline tender awarded to Arkad Engineering-led consortium

Bulgarian state network operator, Bulgartransgaz yesterday said that a tender for building the natural gas pipeline across Bulgaria was awarded to a consortium led by Saudi’s Arkad Engineering. The consortium, which includes the joint venture between Arkad and ABB, offered to construct the 474-km pipeline by the end of 2020 for $1.24 billion. The offer also included another option of completing the pipeline in 8 months for 1.29 billion euros.

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