Ports of Nikopol and Bourgas-West to be concessioned for 35 years

The government initiated concession procedures for port terminals Nikopol and Bourgas-West. Concessions will be available for a period of 35 years. Their aim is to attract a serious, financially stable private investor who will take over the sites' management and maintenance of its operability by providing port services and their accompanying activities. Concessionaires will be determined in an open procedure. The criteria for a comprehensive evaluation of bids for port terminal Nikopol are: the amount of the fixed part of the annual concession payments (35% relative burden), the amount of the variable part of the annual concession payments (30% relative burden) and the proposal of an average annual cargo turnover for the concession period (35% relative burden). Mandatory investments the concessionaire will be required to make amount to not less than BGN 25,000, VAT excluded. The offer for port terminal Bourgas-West will be assessed according to the investment proposal (with a relative burden of 25%), the business proposal with a relative burden of 10% and proposals for the amount of the fixed and variable part of the annual concession payments with a relative weight of 60% and 5%, respectively. The future concessionaire will have to make investments of at least BGN 20,053,000 and BGN 9,553,000 of these will have to be invested during the first seven years of the concession period.

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