Investments in state Bulgarian railway
Potential property investors may be interested to learn that a large boost is to be given to the Bulgarian transport network.
A representative at Bulgarian State Railways (BSR), Mihail Dragiev, has stated that he expects to see 1.357 billion leva (£0.469 billion) to be invested in the state railway network over the next decade, reports the Sofia Echo.
The publication also suggested that the BSR is set to take out a loan worth 120 million euros in the attempt to fund purchases of new modern equipment and to make improvements to existing tools.
Focus News Agency has argued that passenger transport and cargo revenue growth is set to be about 3%.
In addition, the transport and communications minister Petar Moutafchiev also stated that the body needs around 260 million leva to be able to undertake complete development of the infrastructure.
In other news, the energy efficiency drive in Bulgaria is set to get a helping hand as MKB Unionbank is to receive a loan from the European Bank for Reconstruction and Development.
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