Bulgaria Transport Minister: New Varna-Kavkaz Ferry Is Anti-Crisis Measure

Bulgaria's Transport Minister Petar Mutafchiev inaugurated Tuesday the new railroad ferry line between the Bulgarian sea port of Varna and Russian Port Kavkaz.

The Minister stated that nearly 500,000 tons of cargo will be transported each year, adding that, according to experts, by the year 2013, the loads' volume could go up three times - to 1,500,000 tons.

Mutafchiev pointed out that the new ferry line could be considered a measure against the global financial crisis.

At the moment, the freight transportation is going to be performed by a Russian company, but according to expectations, a Bulgarian carrier would be designated by the end of 2009. It is reported that at least two Bulgarian accompanies have expressed interest in operating the new ferry line.

Mutafchiev further explained that his Ministry was working on relocating the Varna-East port, but joked that pre-election ground breaking was not forthcoming.

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