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Bulgarian Cabinet Allocates BGN 208 M to Vital Railway Projects
Business | March 23, 2016, Wednesday // 13:09
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The regular meeting of the Bulgarian Council of Minister on Wednesday. Photo: BGNES
At its regular meeting on Wednesday, the Bulgarian government approved the allocation of up to BGN 208 M for the completion of ten vital railway projects.
The funds will be transferred from the central budget to that of the transport ministry, the government's press service informs.
The funds will be allocated to projects which are being implemented under the Transport Operational Programme for the 2007-2013 programme period.
Among them are projects concerning the three main railway routes, namely Septemvri-Plovdiv, Plovdiv-Burgas and Parvomay-Svilengrad.
The funds will be provided as temporary interest-free financial aid, which is subject to reimbursement to the National Railway Infrastructure Company in its capacity as beneficiary under the operational programme.
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