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EUR 56 million interest-free financial aid for Bulgarian railway infrastructure manager

The Bulgarian National railway infrastructure company (NRIC) has received an interest-free financial aid of BGN 110 million (EUR 56 million) from the Ministry of Finance, informed Galina Vasileva – Deputy Chairman of the Managing Authority and the Director of the “Coordination of Program and Projects” at the Ministry of Transport, Information Technology and Communications. These funds will be used for October, November and December payments to contractors carrying out projects under OPT 2007-2013 and then will be submitted for certification of costs.

According to her, project activities under OPT 2007-2013 which cannot be carried out are to be included in the scope of the current program. There is already a proposal to extend the scope of Phase II of the project “Rehabilitation and modernization” of the railway section Plovdiv-Burgas” to be financed under Priority Axis 1 of the present OP. The activities that were not implemented in the 2007-2013 period include the design and construction of signaling and telecommunication systems for the railway junction in Burgas, and a separate project – design and modernization of the traction substations of Burgas, Yambol and Karnobat.

A new element in the extension of the scope is the inclusion of 4 overpass of the railway section in Septemvri – Plovdiv, for which NRIC has failed to carry out all tender procedures. The company team has already prepared application forms for the tenders. The facilities should be completed by the end of 2016, said Galina Vasileva.

Reverse phasing (early initiation of projects from 2014-2020) has been started with the expansion of the section of the third metro diameter of the Sofia Metro – “Boulevard Botevgradsko road”- bul.”Vladimir Vazov”- Ovcha Kupel district, which has been transferred for implementation within the Operational Program “Transport 2007-2013”, informed Vasileva. According to her, these modifications of OPTTI 2014-2020 are sent to the European Commission for approval.

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