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Bulgaria's Railways Need BGN 190 M for Urgent Repairs

Date: 09.11.2006

Bulgaria's railways will need BGN 190 M for carriage and railroads repairs.

During a meeting on Wednesday between Transport Minister Petar Mutafchiev and Bozhidar Danev (Bulgarian Industry Chamber) there were discussed ways for financing the repairs.

The money will most probably be provided by the budget surplus.

The railways no longer manage to cater for metallurgy and chemical industry and if no prompt measures are undertaken the economy growth might be seriously impeded, Danev said.

The grave conditions of the railway transportation in Bulgaria are due to the inefficient policy that has been carried out for the last 15 years. The accumulated problems are so many that they cannot be resolved for just a year, Mutafchiev said.

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