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Investra To Take On Plevens Stopped Industrial Project

Sofia-based investment company Investra will spend some 20 million leva in the construction of a retail and industrial park in Pleven, in northern Bulgaria. The news was announced at a work meeting between mayor Naiden Zelenogorski and the firm's executive director Georgi Roussev. The park will be built on a 2.5ha plot the investor purchased earlier this year. It will deliver 17 000 sq m of commercial, exhibition, storage, office and servicing space. The construction is due to begin in 2009. The new park will cool down the demand for industrial plots, which heated up after the municipality's industrial park project grounded to a halt as the European Commission blocked payments under the Phare pre-accession programme, the head of the town hall's project management and development department Dikran Ovanasyan said. Pleven hoped to get some six million leva of Phare aid funding for preparation and technical monitoring of the park. Sofia-based company Bulatt also plans to build a retail and industrial park in Pleven.