Bulgaria Needs EUR 16,5 B for Infrastructure Projects

Business » FINANCE | June 30, 2009, Tuesday // 17:24
Bulgaria Bulgaria Needs EUR 16,5 B for Infrastructure Projects: Bulgaria Needs EUR 16,5 B for Infrastructure Projects The country needs EUR 3,7 B for roads, and another EUR 3,3 B for rail infrastructure. Photo by Darik News

Bulgaria needs EUR 16,5 B for completing or modernizing its infrastructure.

The information has been presented Tuesday by the National Road Infrastructure Agency, the Pari Daily reported.

The largest part of the money (EUR 9,5 B) is for water infrastructure. The country needs EUR 3,7 B for roads, and another EUR 3,3 B for rail infrastructure.

In the same time, Bulgaria loses billions Euro over illegal practices. According to the Center for the Study of Democracy the gray economy causes EUR 5,1 B losses to the treasury.

Public orders and illegal state estates exchanges cause damages for, respectively, EUR 800 M and EUR 1,5 B each year. Human traffic defrauds the revenue by EUR 1,8 B a year.

All these result in a total amount of EUR 9,2 B losses for the Bulgarian treasury.

 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: infrastructure, roads, National Road Infrastructure Agency

Advertisement
Advertisement
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