The Bulgarian government recently granted a 35-year concession to maritime operator Navibulgar to develop a cargo terminal at the Black Sea port of Burgas. Navibulgar will invest 114 million euros during the concession period develop various terminal complexes for general cargo, dry bulk and containers. Navibulgar, the Bulgarian based international shipping company, will partially repay the existing 14.3 billion yen loan to the port from the Japan Bank for International Cooperation.

This new development in the port will accelerate the economic growth in both the Burgas area as in Bulgaria, especially after the economic slowdown and the closure of insolvent steel mill Kremikovtzi which was one of the major clients for the port of Burgas.

Navibulgar hired MTBS for the preparation of the business plan and the investment proposal for the private bid.