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BDZ plans to invest EUR 76.6 million in new rolling stock

Bulgarian state-owned railway holding BDZ plans to invest EUR 76.6 million  in new rolling stock, Danail Papazov, the transport minister, was quoted as saying by local media on Monday.

The company plans to open a tender after its creditors approve a rescheduling plan for its 624 million lev debt, public TV broadcaster BNT said, quoting Papazov.

“I hope soon after the rescheduling of the debt we will receive a capital transfer of 30 million [levs], and launch a tender for new rolling stock,” Papazov said.

Government representatives will discuss BDZ’s debt rescheduling for a 10-year period later this week in Vienna, Papazov was quoted as saying by BNT, without providing further details.

Source*SeeNews

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