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Tag Archives: Bulgarian Railways

Over EUR 1.6 bn in EU funding for Bulgaria’s railway infrastructure during 2014-2020 programming period

Over EUR 1.6 bn in EU funding for Bulgaria's railway infrastructure during 2014-2020 programming period

The European Commission has approved Bulgaria’s Operational Programme Transport and Transport Infrastructure 2014-2020, which includes projects estimated at EUR 2 bn.  Prime Minister Boyko Borissov informed that under the new program infrastructure development projects of Bulgarian Railways will be receive EUR 1.6 billion, while EUR 400 million will be dedicated to building sections of the underground railway system …

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Bulgarian railway infrastructure company to invest in modern CCTVs

The National Railway Infrastructure Company (NRIC) will invest over half a million lev (approx. EUR 250000) for installing modern video surveillance systems in train stations. A renewal of CCTVs is expected in Sofia railway station, where the highest number of passenger  is registered. Currently, over 20 stations in the country are monitored around the clock, the company explained.  Over 500 …

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EUR 1 bn for Bulgaria’s major rail infrastructure project

Over EUR 1.6 bn in EU funding for Bulgaria's railway infrastructure during 2014-2020 programming period

The major railway project estimated at EUR 1 bn and included the Operational Programme “Transport and Transport Infrastructure” 2014 – 2020 is the Modernization of Sofia – Septemvri railway section, declared Hristo Alexiev, Deputy Director of the National Railway Infrastructure Company (NRIC).  According to him, the complexity of the project is generated by severe terrain. The procedure for selecting a contractor …

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Bulgarian Railways likely to lose 25 Siemens DMUs and 3407 freight wagons

Photo by BGNES

BDZ, the Bulgarian state-owned railway carrier, is likely to lose 25 Siemens Desiro DMUs and 3407 freight wagons, stated the Bulgarian Ministry of Transport, Daniel Papazov. According to him, the large creditors – the banks BNP Paribas, Societe Generale, KFW, Dexia, Depfa and First Investment Bank – will have a meeting …

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Bulgarian Railways face bankruptcy unless accounts are unblocked

Deputy Transport Minister Anton Ginev has cautioned that the Bulgarian State Railways (BDZ) company faces bankruptcy unless its accounts are unblocked. In a Monday interview for mediapool, he said that the talks on the matter with the creditors of BDZ were cumbersome and difficult. In early February 2014, German financial …

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