The project will cost a total of 1.146 mln leva VAT included, and it was assigned by Lovech Road Control.
The company is planning to file an IPO on the BSE offering 200,000 shares, or 10% of the capital at 110.50 leva/share.
Trace Group Hold operates in the sphere of projects for rehabilitation, reconstruction, and construction of roads, motorways, airfields; building of underground stations; water and gas supplying systems; high civil engineering, strengthening of land slides and slippages, as well as emergency reconstruction activities. The holding operates in compliance with all requirements of the FIDIC and all international standards.
Currently the holding controls majority stakes in 12 branch interrelated companies, situated in regions of strategic importance for the industry.