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Glavbolgarstroy to be responsible for Bulgarias Super Borovets project
Updated: 2008-01-09

Glavbolgarstroy to be responsible for Bulgaria’s Super Borovets project

Glavbolgarstroy will become the company responsible for the construction of Super Borovets project. The company will acquire the shares of Contract 99 in Rila Samokov 2004. The two companies have signed a preliminary agreement already, 24 Chassa daily newspapers reported.
Prior to the deal, the top shareholder in Rila-Samokov 2004, the company specially incorporated for the implementation of the Super Borovets project, was Glavbolgarstroy with 75%. The Samokov municipality, where the Borovets ski resort is located, owned 25% with the residual 8% held by Energokomplekt.
The project needs to raise at least 350 mln euros in investment over the next 3 years. The Super Borovets project envisages the construction of 100 km of ski runs and will add 25,000 beds to the resort's accommodation capacity. The new skiing facilities will have a combined daily capacity of 30,000-35,000 skiers.
The value of the deal has not been presented yet. According to unofficial information it varies between 25 and 30 million leva.
Glavbolgarstroy is the biggest construction company in Bulgaria, having almost 40 years of experience as a main contractor of public, residential, industrial, infrastructure and eco- projects. The company operates on the territory of Bulgaria, the Russian Federation, Ukraine, Byelorussia, Kazakhstan, Uzbekistan, Germany, Africa, Middle Asia and the Near East. The company is active also in the filed of investment projects, including large-scale projects of national importance.
Super Borovets features among the biggest tourism projects in Bulgaria. It also comes as one of the largest investment plans.
According to the project the winter resort of Borovets will be expanded and separated in three levels. The lowest part will feature family-type hotels that can accommodate up to 5000 people. The second level will be located where the current Borovets resort is found. It will be slightly more expensive and will have the capacity to accommodate 10 000 people.
Super Borovets is the third level. The level will turn into a five-star resort for the wealthiest tourists.

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