Regional ministry to privatise construction company Technoexportstroy

The government will privatize construction company Technoexportstroy, regional minister Rosen Plevneliev said. The company was holding the full stake in the project company for the construction of a 280-kilometre pipeline for transport of Russian oil from the Black Sea port of Burgas to the Greek Aegean Sea port of Alexandroupolis . In March, its interest was transferred to the finance ministry to improve the coordination and the supervision over the activities of the project company and to optimise the decision-making process with respect to the management and the financing on the part of Bulgaria . State-run company Montage, specialised in the installation of large-scale machines and other equipment, and civil engineering firm Promishleno Stroitelstvo will also be subjected to privatisation, minister Plevneliev added.