Recovery programme for Bulgaria’s state railways is ready

[Administrator]

Recovery programme for Bulgaria’s state railways is ready: ministry

26 September 2013 | 12:31

Varna. “Recovery programme for the Bulgarian State Railways (BDZ) is ready,” said Bulgarian Minister of Transport, Information Technologies and Communications Danail Papazov speaking with journalists at a press conference themed “Priorities in the transport for the next programme period 2014-2020”, Radio FOCUS – Varna reporter informed.
The Minister remarked that there were three variants of the recovery programme, which have been presented to the Ministry of Finance and the government.
“On Monday, there will be a meeting with the Prime Minister, at which we will discuss the future of the BDZ and its financing over the next years, aiming at overall renewal of the rolling stock.
We will look for financing under the EU programmes, too, for the purchase of new rolling stock, especially for the passenger’s transportation, but there are several conditions and they are very hard. The most important of them is for the company to report a profit or at least zero debt to apply as a beneficiary for such an investment,” the minister explained.

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source: Focus