Bulgaria Awaiting EU Commission Green Light for State Railways Aid
Transport Minister Danail Papazov has said it will take five to seven years to raise the Bulgarian State Railways (BDZ) "back on their feet".
He added the state was waiting for approval from Brussels to grant some BGN 170 M (EUR 85 M) to the cash-stripped railway company, which is still struggling to deliver on its debts accumulated prior to Bulgaria's accession into the EU.
Agreement was expected within a short time, Papazov told the Bulgarian National Radio.
He admitted reforms within the transport sector were a tough challenge.
"It is no secret many of our companies, and the administration as well, need an urgent reform. The problems with BDZ are extremely complicated, they have been piled up for 25 years," the Minister added.
However, he pointed the cabinet's achievements in the fields of e-government and the EU's Transport Operational Program.
- » Bulgaria Calls for Extra Vigilance in Travel to Turkey
- » Bulgaria’s Govt Debt Equivalent to 29.3% of Projected 2016 GDP in May
- » Juncker Said to Be Planning Introduction of Euro by All EU Member States after Brexit
- » Extension of Sofia Metro Line 2 to be Launched Before End of July
- » EU 'Told Bulgaria to Sell Gas Network Operator - PM
- » Bulgarian FinMin Foresees 3.5 % Budget Surplus for First Half of 2016
Where has all the money gone that was there in the first place to maintain the railways ?
Why was the railways not maintained in the first place ?
Again take another EU LOAN
Again the PEOPLE who have paid pay again
WHY Someone in government was / is responsible ,, YES / NO
It seems that regardless of what the government ministers jobs were here in Bulgaria the money seems to just disappear and the work well thats someone elses problem further down the line .