Sat, Feb 11 2012

Bulgaria needs two billion leva a year to patch up roads

Wed, Sep 02 2009 09:56 CET

byDnevnik.bg

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Bulgaria needs two billion leva a year to patch up roads

Photo: Maria Subotinova

Bulgarian should earmark two billion leva for repairs in the next four or five years to put its rickety roads in order, according to Roumen Yovchev, chairman of the roads industry chamber.

He identified two sources the monies could come from. One option is bringing back to life the Roads Fund, which took in proceeds from fuel excises, road taxes and fees. The fund had collected about 700 million leva in the late 1990s that could surpass a billion leva today, Yonchev said.

Alternatively, the Government could tap into European financing where 1.7 billion euro has been lined up for motorway construction and road renovation until 2013 but none of it has been absorbed yet.

The industry called for the repayment of 130 million leva owed by the state to companies dating back to last year and inspection of the Lyulin motorway construction. The chamber also demanded that Bulgarian and foreign firms get the chance to compete on an even playing field in major infrastructure tenders.

Source: Dnevnik.bg

 

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Comments

Anonymous Milen Fri, Sep 04 2009 05:17 CET
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I love this one:
"Alternatively, the Government could tap into European financing where 1.7 billion euro has been lined up for motorway construction and road renovation until 2013 but none of it has been absorbed yet."

Seems like the very credible and bloody obvious option. Why are we not using the money available??


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