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Railway companies to progress steadily

  17.09.2009    

The subsidies granted by the European Commission to Bulgarian State Railways BDZ will be in a form of funding for update and overhaul of railcars, Alexandar Tsvetkov, the Bulgaria’s Minister of Transport, said in an interview for Focus News Agency. 
The amount of these subsidies might be up to BGN 44m (EUR 22.5m). Moreover, receiving this permission is making us optimistic, that future permissions will be granted too, Tsvetkov said.
Asked about the perspectives for the future of Bulgarian Railways and National Railway Infrastructure Company, the Transport Minister said, that “now that we have obtained the European Commission’s permission for granting of subsidy for overhaul of the railway vehicles I think the railway companies, backed by the government, will progress steadily”.



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