Bulgaria Set for Crucial Transport Deals with China

Business | October 24, 2010, Sunday // 19:35| Views: | Comments: 0
Bulgaria: Bulgaria Set for Crucial Transport Deals with China Bulgaria could become part of the China-Europe high-speed rail link. Photo by smh.com.au

A Bulgarian government delegation will visit Beijing for talks in several key areas of transport, including railway freight traffic, and concessions of ports and airports.

The Bulgarian delegation will be led by Transport Minister Alexander Tsvetkov. It will be in China October 28-31, following a visit to South Korea.

It comes in the wake of several months of intensive contacts between the Bulgarian government and Chinese central and provincial authorities as well as companies on various potential joint projects such as the Bozhurishte Industrial Zone near Sofia.

Bulgaria's Economy Minister Traicho Traikov has stated several times that China was interest in receiving concessions over Bulgarian airport and ports in order to use them as a base for its exports to the EU and wider Europe.

The Bulgarian delegation will visit the Ministry of Railways in Beijing whether the two sides will consider options for long-term cooperation between the Freight Directorate of the Bulgarian state railway company BDZ and Chinese railway operators.

These talks are in the context of China's project to launch a railway connection to Central and Western Europe through Central Asia, Turkey, and Bulgaria, the so called China-Europe high-speed rail link.

Bulgaria's Transport Minister Alexander Tsvetkov will meet with the largest port operator in China, COSCO Group, which is looking into the opportunities for concessions of Bulgarian ports. Meetings with airport operations are also part of Tsvetkov's program.

The delegation will end its trip in Shanghai for the ceremony for the closing of the Schanghai Expo.

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Tags: railways, freight, concessions, port concession, airports, ports, BDZ, Alexander Tsvetkov, China, PRC, China-Europe rail link
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