Home News Road reconstruction works begin as part of investment incentives for Class A investor

Road reconstruction works begin as part of investment incentives for Class A investor

First sod took place for the renovating works of the street where BTL Industries’s new factory is currently being built.

5Mayor Zdravko Dimitrov and the District “Eastern” Mayor Ivan Stoyanov made a symbolic first sod for the reconstruction of Vladaya Street. The event was also attended by Deputy Mayor for Business Development Mr. Stefan Stoyanov, who also assisted in allocating funds for the reconstruction. Works for the new production base of the Czech medical equipment company BTL Industries – a Class A investor, continue.

“I want to thank the Ministry of Economy under the previous government for the funds and Deputy Mayor Stefan Stoyanov, who was persistent enough for this to happen. The investor has very serious intentions and this is important for the region,” said Mayor Dimitrov.

“There were companies in this industrial zone 50-70 years ago that no longer function. Nowadays high-tech investors come in and take their place, changing the image of the region, “said Deputy Mayor Stefan Stoyanov. He gave an example with BTL Industries and added that another company is currently waiting for Class A investor certificate.

btl-logoAt the end of 2019, with the assistance of the Municipality of Plovdiv, BTL Industries received a Class A investment certificate for the construction of its new high-tech production base in the city. It envisages the production of electronic medical equipment, through which the company aims to meet the growing need to expand its production capacity in Bulgaria. The investment is for BGN 20 million, and it is planned to create over 200 new jobs in the first stages.

 

“Our ambition is to complete the project ahead of schedule and to complete the work by the end of the year, if there are no unforeseen circumstances,” said Eng. Boncho Bonev, manager of the contractor Parsec Group.

As part of the project activities, 7,400 square meters of asphalt road with a length of 850 meters will be built. A new road will be built to connect Vladaya with Maritsa-Yug Blvd., as well as a roundabout between Vladaya and Pravda streets. Additionally, 4,000 square meters of sidewalks will be laid, 680 square meters of bike lanes and 300 square meters of parking lots will be built. The term date is 240 days, and the value of the site is BGN 2,639,321.22 with VAT.