Bulgaria Seeks Strategic Partner for Ailing Railroads

Business | July 20, 2010, Tuesday // 16:40|  views

Bulgaria's Prime Minister, Boyko Borisov, met in Vienna with Austrian Finance Minister, Josef Pr?ll (r). Photo by BGNES

Bulgaria will be seeking to attract a strategic partner to improve its ailing railroads, Prime Minister, Boyko Borisov, declared .

Borisov, who is on an official trip to Vienna, Austria, made the announcement after meeting with Austrian Finance Minister, Josef Pröll, but declined offering further details. The two have discussed the state of the Bulgarian Railroad Company, BDZ, and financial support for it.

The PM also informed the public tender for renovations of the railroad between the second largest city of Plovdiv and the Black Sea city of Burgas for BGN 400 M to be financed by the EU is pending. The tender was annulled once already over suspicions of violations of the procedure.

Borisov further said in 10 days Bulgaria will begin negotiations for a loan from the World Bank for the State companies, BDZ, and Railroad Infrastructure.

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Tags: Prime Minister, Boyko Borisov, Vienna, Austrian Finance Minister, Josef Pr?ll, BDZ, railroads, Railroad Infrastructure


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