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Chinese investors eye Kremikovtsi for a huge fair town similar to the Expo in Shanghai

Article published from StandartNews on 2010-10-29 12:08:00
Category: Business in Kremikovtsi

The Chinese dragon will make home in Kremikovtzi. An Asian investor is willing to take the repeatedly bankrupting steel works. The idea is to use the site and facilities for a huge fair town similar to the Expo in Shanghai. The Chinese have visited the plant a couple of times and intend to take part in the tender which will be held on November 5th.

"I know about the project, talks about the details are planned," said Ivailo Penev, Kremikovtzi district Mayor.

The starting bid for the facilities is BGN 450,000. The money will go for serving the debts of the broke plant. Investors hope to return the money from scrapping the old installations. When not in use for exhibitions, the fair pavilions are planned to be used as logistic centre for Chinese goods. The Chinese investors made up their minds on Kremikovtzi after talks with Bulgaria’s Prime Minister, Boyko Borissov.
Source of the article StandartNews 0/5 (0)
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