Bulgaria's transport system is a victim of significant underinvestment in the past and is currently in a very poor condition.
The study will establish a medium and long-term programme of transport investment for Bulgaria which will support economic development through improved connections and terminals for road, rail, water and air.
It should exploit Bulgaria's geographic location as a natural connection between Central Europe and the near east.
The study will last for 12 months and will form the basis of more detailed investigations and business case preparations for individual projects.
It will also enable the government to draw down the €2bn in EU funding already allocated for 2007 – 2013.
Once complete, the masterplan is expected to help generate employment both directly in the construction industry and through improving Bulgaria’s economic competitiveness.
Faber Maunsell's project director Simon Temple said, "This is a vitally important study which will contribute greatly to Bulgaria’s economic and social development."