Sat, Nov 21 2009
KEY LINK: When completed, the 1971m long Danube Bridge 2 will become a part of European Transport Corridor IV between Dresden in Germany and Istanbul in Turkey.
Photo: Assen Tonev
The Bulgarian Government is currently negotiating for yet another loan from the European Investment Bank (EIB) for additional financing along the framework of the Ispa pre-accession aid programmes
About 60 million euro will be invested directly in the regional economy of Vidin region in northwestern Bulgaria during that Danube Bridge 2 is being built to link the town to Calafat in Romania, weekly Stroitelstvo Gradut reproted. The direct investments will come as building materials, fuels, equipment, machinery, manpower and their kit. The bridge itself and the adjoining its infrastructure, including works on the Romanian side, is 274 million euro, of which 226 million are on the Bulgarian side.
The bridge over Danube River that will link the Bulgarian town of Vidin and Calafat in Romania is still on track to meet its April 2010 deadline, Bulgaria's Transport Minister Petar Moutafchiev said on August 28 2008, as quoted by Focus news agency. The project is currently six months behind the schedule, caused by additional geological and archaeological surveying that Spain's Fomento de Construcciones y
Spain's Fomento de Construcciones y Contratas (FCC), hired to build a bridge spanning the Danube at Vidin-Calafat, has requested an extension to the project deadline and an increase in the implementation costs, a Transport Ministry official has said. The building contractor said the reason for its demands were the additional geological studies it had to make, changes to the project and delays in the expropriation of
Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.
Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector
Kremikovtzi’s prospects for a recovery plan appear increasingly distant
Bulgarians are getting the hang of debit and credit cards, MasterCard says
The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.
Infrastructure in Bulgaria is key to its economic growth. I am sure hoping that the newly elected GERB party leader and his cabinet will get on the work and finish all the projects that have been shelved, because of crisis and so on. Work and investments will create more work, after all people are the ones who create that slow down in world economy and the very same people can get the world out of it. I know easier said then done, but the world has to start moving again, people are scared and they just don`t want to spend and enjoy, WHY?, because the big giants of a corporation are doing all that restructuring a little to late. Get on it and start working on the BG infrastructure.
Toronto