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Concessionaire Increases Investment and Turnover at Port Lesport The Concession Grant Agreement for the Lesport Port Terminal, which is part of the port of public transport of national importance Varna, signed on June 8, 2005, has been amended. The changes extend the term of the contract to the legally permitted term of the Concessions Act, as well as investment obligations and the basic annual turnover for the duration of the concession. Port Lesport JSC was established on March 15, 2005 by a decision of the Varna District Court. The main shareholder in the company, which holds 99% of the capital, is Chimimport JSC. In May 2005, a one-stage non-attended competition for the selection of a concessionaire at the Port Lesport, part of a port for public transport of national importance - Varna, was held. With a decision of the Council of Ministers, Port Lesport JSC was selected as a concessionaire at the port, part of a port for public transport of national importance - Varna. On June 8, 2005, a Port Concession Agreement was signed for a period of 30 years. The concession contract entered into force on 30 May 2006.

 

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