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DB International could be the company to restructure Bulgarian State Railways

Bulgarian Prime Minister Plamen Oresharski and Minister of Transport, Information Technology and Communications Daniel Papazov met with the representatives of the DB International. The discussions focused on identifying  cooperation opportunities, mainly in the area of the restructuring and recovering of Holding BDZ EAD, in the light of experience and best practices of DB International in the management of rail freight and passenger transport.

“We need practical solutions to change the vision of the development of the company, not from consulting projects that look good on the shelves,” the Prime Minister said.

In an interview for the local press, Minister Papazoz stated that DB International has a week to offer a price for its services, however a deal on Bulgaria’s railway company could also be signed by the next cabinet.  Papazov also revealed that DB was expected to produce restructuring model for BDZ and also to tackle its debt amounting to BGN 700 million, approximately EUR 350 million. (Novinite)

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