Bulgarian railway lines to be modernized with €580 mln fund
Some Bulgarian trains will be able to travel at a speed of 200 km/h after €580 million ($920 million) from the EU Operative Program “Transport” is absorbed for the modernization and reconstruction of Bulgaria’s railways by 2013, local press reported Wednesday.
The news was revealed by the National Railway Infrastructure Company (NRIC). The funds have been allocated for the development of the railway transport in Bulgaria, which is a priority for the EU. The €580 million is 29% of the total budget of the Operative Program “Transport” for Bulgaria. This makes the NRIC the second largest beneficiary of the program after the Republic Road Infrastructure Fund, Bulgaria’s road agency.
The EU funds will be used by the NRIC to modernize four railway lines: the Sofia-Vidin Line leading to Romania through the future Dabube Bridge 2, the Plovdiv-Svilengrad Line leading to the border with Turkey, the Sofia-Plovdiv Line, and the Sofia-Pernik-Radomir Line.
Virtually no infrastructure investments have been made in the Bulgarian railways in the last 20-30 years. At most sections of the railway lines the trains presently run at no more, than 50 km/h. (Xinhua)
ADVERTISEMENT
Mapei Targets 6% Higher Revenue This Year
Parliament Negates Mandatory Membership in MOK
Number of Residential Developments in Cities Falls 9%
Veronika Spanarova Wins Expat CEO of the Year Award 2023
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
