advertisement
Sat, May 26 2012
New speed train to reach Black Sea coast from Sofia in 3.5 hours
Photo: Nadezhda Chipeva
A new Bulgarian speed train is going to reach the Black Sea coast from Sofia in about 3.5 hours, Tomislav Donchev, European affairs minister said while on a visit to Pernik, Bulgarian media reported on June 24 2011.
This is the largest railway project – currently under negotiation – due to receive European funding. The modern infrastructure will allow trains to reach Bourgas from Sofia in 3.5 hours, reaching speeds of about 160km/h, the report said.
According to Donchev, the "negotiations for the funding of railroad projects and infrastructure are going very well," Dnevnik reported.
Bulgaria's national railway carrier BDZ is yet to obtain the 140 million leva loan from the Bulgarian Development Bank (BDB), which was expected to support it with funds until the extension of a larger credit facility from the World Bank, the company's chief executive Pencho Popov said earlier this month.
BDZ's total liabilities amount to more than 500 million leva.
BDZ owes 4.5 million leva to oil company Lukoil for diesel fuel purchases. The carrier has been given an extension to pay its debts by the end of the June but if it fails to settle the debt, Lukoil may decide to suspend fuel deliveries to the company. BDZ owes about nine million leva to local company Transimpex for locomotive repairs, media reports said.
This is the largest railway project – currently under negotiation – due to receive European funding. The modern infrastructure will allow trains to reach Bourgas from Sofia in 3.5 hours, reaching speeds of about 160km/h, the report said.
According to Donchev, the "negotiations for the funding of railroad projects and infrastructure are going very well," Dnevnik reported.
Bulgaria's national railway carrier BDZ is yet to obtain the 140 million leva loan from the Bulgarian Development Bank (BDB), which was expected to support it with funds until the extension of a larger credit facility from the World Bank, the company's chief executive Pencho Popov said earlier this month.
BDZ's total liabilities amount to more than 500 million leva.
BDZ owes 4.5 million leva to oil company Lukoil for diesel fuel purchases. The carrier has been given an extension to pay its debts by the end of the June but if it fails to settle the debt, Lukoil may decide to suspend fuel deliveries to the company. BDZ owes about nine million leva to local company Transimpex for locomotive repairs, media reports said.
-
Print
-
Send via email
- Translate to
-
Share:
Comments
To post comments, please, Login or Register.
Please read the The Sofia Echo forum comments policy.
Locomotive, carriage destroyed in Sofia – Varna train fire
No one injured and passengers evacuated. A short circuit is suspected to have been the cause of the fire.
More in this category
Saab awarded $2.4M military training equipment contract in Bulgaria
The funding is provided under the foreign military sales programme of the US army's Program Executive Office of Simulation, Training and Instrumentation.
Two Brits fined for hooliganism in Bulgaria’s Veliko Turnovo
The UK nationals were arrested after throwing beer bottles at people after being refused entry to a restaurant that had closed for the night.
Tourism: Bulgaria to spend 300M leva on restoring castles, ancient sites
Restoration and development projects include Madara Horseman, Arbanassi fortress, Magura cave.
Sovereign Order of Malta assists hospital in Bulgaria’s Iskrets
Simeon Saxe-Coburg and his spouse Margarita opened a new heating and insulation system at the Tsar Ferdinand Hospital for Pulmonary Diseases in Iskrets, a project implemented thanks to the Embassy of the Sovereign Order of Malta in Sofia and the Nando Peretti Foundation.
Bulgarian Parliament passes confiscation act
According to the law's provisions, the commission will have the power to investigate individuals without prior notification and would not require a criminal conviction in order to launch an investigation.
© 2000-2012, Sofia Echo Media Ltd.
Web Design by RIZN
Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted.
Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only
with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site.
Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com.
Sofia Echo Media cannot be held responsible for the statements contained in visitor comments.
The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the
price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes,
and should not be used as a basis for decisions about buying or selling stock options.
- Economedia Group portfolio:
- In Bulgarian:
-
Business:
Капитал,
Кариери,
Пазари,
Ho Re Mag,
Регал,
Градът.bg,
Одит,
Foton.bg,
Online shop
- News: Дневник, Европа, Foreign Policy - България
- IT: IDG.BG, Computerworld, PC World, CIO, Networkworld
- Entertainment: Бакхус
-
In English:
The Sofia Echo
But only if the lines are not stolen for scrap metal.
Sofia to Bourgas in 3 and a half hours? Definitely in the "believe it when I ride it" department.