The project was negotiated last summer between the mayors of the two cities, when both sides' duties and the construction site were agreed upon. The official documentation for the project has since been approved by both countries' governments, and the issuing of permits and setting of deadlines are currently being awaited. The project will be financed by two private firms, from Portugal and Oman, which will invest 160 million euro.
The bridge will be the third linking the two countries, after that linking Rousse and Giurgiu opened in 1954 in the central part of the two countries' common border, and the Vidin-Calafat bridge, currently under construction in the westernmost part.
During a special ceremony, Dragu and Razgrad mayor Dencho Boyadjiev signed an inter-municipal Partnership and Cooperation Agreement.