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Supreme Administrative Court of Bulgaria decides "Turkish Stream" building contract goes to Arkad

Photo: BGNES

The Supreme Administrative Court of Bulgaria has ordered Bulgartransgaz to bring back Arkad consortium as contractor of the Turkish Stream gas pipeline section passing through Bulgaria. The SAC rejected the Bulgarian state-owned company's motives to sign a construction contract, totaling more than 1.5 billion euros with Russian consortium "Gas Development and Expansion in Bulgaria." Bulgartransgaz claimed that the project was of particular state and public interest and its delay might cause significant and irreparable damage. The Commission for Protection of Competition also decided that the contract should be returned to Arkad, which won the initial tender.



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