Improving the conditions for economic development

The overall objective of the project proposal is: To improve the investment activity, stimulate economic development and competitiveness, improve quality of life and preserve the environment by restoring the area with potential for economic development of the town of Gorna Oryahovitsa. The project has the following specific objectives: - To support an investment plan of Viktoria-05 Ltd in the area with potential for economic development of the town of Gorna Oryahovitsa; - To contribute to the restoration of the area with potential for economic development of the town of Gorna Oryahovitsa by improving the operational condition of 1,156 km roadbed of Ivan Momchilov street; - To improve the road access in the area with potential for economic development for more than over 15 companies, their contractors as well as the citizens of Gorna Oryahovitsa municipality; - To contribute to the urban environment improvement. The project objectives will be achieved through the implementation of several key activities related to: engineering, including: preparation of an investment project, reconstruction of the street as well as exercising of supervision by the designers team; preparation of an assessment of compliance report; approval of the investment project by the chief architect of the municipality and issuing a construction permit; construction supervision. Once the project is implemented, the main measurable result will be a reconstructed street in the area with potential for economic development of the town of Gorna Oryahovitsa in support of a local company - an investor in the area. The project proposal amount is 1 617 530,16 BGN and its duration is 30 months. The project implementation team consists of a project manager, an investment control expert, a public procurement expert, a technical assistant and an accountant. Information about the project and the project donor will be disseminated.

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