Balchik awards marina concession

The municipal council of Balchik, on the Black Sea, has granted a 35-year concession for the civic yacht port to the Marina-Balchik consortium which lodged the only bid for the contract. The concessionaire undertakes to invest 2 mln levs in the facility, increasing the moorage capacity from the current 60 yacht berths to 160. A yacht marina is also planned further south in the resort of St.Vlas. The investor, Venid-Yacht, plans to build a facility for up to 300 vessels.

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