ARTICLE · 27 MAY 2016

Government Approves A New Draft Concessions Act

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On 25 May 2016, the Bulgarian government approved a new draft Concessions Act. The draft remains to be adopted by the Bulgarian parliament.

BulgariaGovernment, Public Sector

Alexandra Doytchinova

Stefana Tsekova

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On 25 May 2016, the Bulgarian government approved a new draft Concessions Act. The draft remains to be adopted by the Bulgarian parliament. The new Concessions Act will replace the current Concessions Act in its entirety, and will revoke the existing Public-Private Partnership Act.

Previously, on 17 May 2016, the Bulgarian government had approved the granting of a concession for the operation of Sofia airport. The concession remains to be announced in the Official Journal of the European Union and the Bulgarian State Gazette, which will formally kick-off the tender process. The successful bidder is expected to commit to an advance payment on the concession of approx EUR 290 million which shall be used for restructuring the indebtedness of the State Railways.

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