BMF Port Burgas (BMF) is the Three Seas Initiative Investment Fund’s (3SIIF) fourth investment. 3SIIF acquired a significant minority stake in BMF, a private multi-cargo port operator that operates two terminals in the Port of Burgas, the largest port of Bulgaria. BMF operates under long-term concessions granted by the Bulgarian Government.
THE BACKGROUND
The Port of Burgas is located on the Black Sea and acts as the primary maritime gateway to Sofia and Plovdiv, Bulgaria’s most developed and industrialised cities, through direct rail and road connections. The port is also a logistic node connecting the southeast part of the Three Seas region with the rest of the world, in particular Central Asia and the Middle East and is the closest European Union port to the Bosphorus.
Cargo mix at BMF is divided between containers, dry and liquid bulk, general cargo and project cargo. Project cargo is attributable to large-scale energy and infrastructure projects for which BMF acts as a logistic base.
3SIIF’s investment offers a significant opportunity to support the long-term growth of the port with substantial follow-on investments to expand capacity and capabilities. These investments include the extension of existing berths and construction of new berths, the modernisation of terminal facilities to expand capacity and enable the handling of new types of cargo. The long-term growth of BMF will support existing and create new industrial production capabilities in Bulgaria and the broader region.
The investment will strengthen EU integration by filling the transport infrastructure gap and improving connectivity within the southeast part of the Three Seas region.
SDGs Supported:
Throughput (2021)
7M tons
Number of berths
15