KEYWORDS TODAY:   RESIGNATIONBSPMalaysia Airlines Crash in Eastern UkraineKTB

HOT: » Bulgaria's government has stepped down

Bulgaria, Romania to Divide Danube Bridge 2 Toll Revenues according to Investments

Business | October 29, 2012, Monday // 13:01| Views: 1375 | Comments: 0
  • Send to Kindle
Bulgaria: Bulgaria, Romania to Divide Danube Bridge 2 Toll Revenues according to Investments Toll revenues from Danube Bridge 2 will most likely be divided between Bulgaria and Romania on the basis of investments made. Photo by BGNES

The road toll collection point on Danube Bridge 2 Vidin – Calafat will be on Romanian territory and the revenues will be divided between the two countries proportional to the investments made, according to Bulgarian Transport Minister Ivaylo Moskovski.

In a Monday interview for the morning broadcast of bTV, he specified that Bulgaria had made the majority of investments.

He added that Bulgaria had put EUR 226 M into the construction of Danube Bridge 2 and the adjacent infrastructure, while the Romanians had only invested EUR 48 M in the adjacent infrastructure.

Moskovski noted that the amount of the Danube Bridge 2 toll was yet to be agreed, with a Bulgarian team expected to hold talks on the matter in Romania in about a week.

He argued that the cost of crossing the Danube by ferry could be used for reference, adding that the fee was EUR 6 per car.

Bulgaria's Transport Minister explained that the company operating Danube Bridge 2 would have to set up a rehabilitation fund to accumulate money for future repairs of the facility.

"As regards traffic flows from Bulgaria to Romania, the VAT on toll fees will go into the Bulgarian budget," Moskovski informed.

He suggested that traffic volumes through Danube Bridge 2 were expected to grow at a quickening pace, with 100 000 vehicles scheduled to cross the bridge in 2013.

Moskovski further informed that a total of EUR 1.5 B had been invested in railroad infrastructure projects.

Bulgaria's Transport Minister argued that the investment was logical, given that the new trains had to travel faster and provide better service to society.

He made clear that Bulgaria could apply for EU funding of EUR 300 M for new trains in the next programming period.

Business » Be a reporter: Write and send your article
Tags: Danube Bridge 2, toll fees, Bulgaria, Romania, Vidin-Calafat, Transport Minister, Ivaylo Moskovski, EU funds
Expats.bg All Are Welcome! Join Now!

Leave a comment


Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria