Investors To Develop Northern Part Of Bulgarias Capital City

Big infrastructure projects, including a new underground railway line, are to turn Sofia’s northern part into an attractive area for business and living.

Large parks, sports and entertainment, residential developments, as well as production and logistic facilities would be constructed in the region in the next seven or eight years, Pari daily reported.

“Investors are already realising the potential of the northern quarter and starting to buy land there,” Pari said.

Sofia chief architect Petar Dikov said that unlike the southern part of the city, which was seeing rapid development, the northern regions needed “a long-term investment.”

Investors could expect revenue in at least six years, he said.

The new underground line, which will connect the northern residential district of Nadezhda to the centre of the city, was essential for the development of northern Sofia, Pari said. The line would be 6.5 km long and will have seven stations. Construction of the line starts in 2008 and should be finished in 2011.