Sofia Urges Germany to Pour Money into Bulgaria's Ports, Airports

Business | December 1, 2011, Thursday // 20:04

Bulgaria's Transport and IT Minister Ivaylo Moskovski has called upon German investors to take part in the concessions of Bulgarian ports and airports.

Moskovski met with Klaus-Dieter Scheurle, State Secretary of Germany's Ministry for Transport, Construction and Urban Planning in Berlin on Thursday, the press service of the Bulgarian Transport Ministry said.

According to the Bulgarian government, this is the highest level meeting of the transport authorities of Bulgaria and Germany in the past five years.

"The program of the Bulgarian government provides for granting the Bulgarian ports and airports on 35-year concessions since the national budget does not have sufficient funds for investments," Moskovski explained in Berlin.

He expressed Bulgaria's hopes that German companies will take part in public-private partnerships in Bulgaria.

Bulgaria hopes that Hamburg Port and Logistics Company, the operator of Germany's major port, will express interest in the concession of the Bulgarian Port Varna on the Black Sea, Moskovski stated also in Berlin.

The German side has assured the Bulgarian Transport Minister that German companies will study in detail the investment opportunities in Bulgaria.

"Germany's government supports Bulgaria's decision to grant its airport and port infrastructure on concession, and I am certain that German companies will be interested, which will help to improve even further the ties between Bulgaria and Germany," Sheurle is quoted as saying.

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

Business » Be a reporter: Write and send your article
Tags: Sofia International Airport, Plovdiv airport, Sofia Airport, Berlin, airports, Black Sea, Danube ports, Port Varna, Fraport Twin Star Airport Management, Fraport, concessionaire, concession, concessions, Germany, Klaus-Dieter Scheurle, Transport Minister, Ivaylo Moskovski, Hamburg, Hamburg Port and Logistics Company

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