05/31/12 17:03
(http://www.klassa.bg/)

Privatisation of BDZ-Freight Services to begin by June 8

“We expect the advertisement for the privatisation of Freight Services to be published in the Official Gazette by the end of next week,” Vladimir Vladimirov, BoD Chairman of the Bulgarian State Railways (BDZ) said today on Bulgaria on Air TV. According to the Privatisation Agency, the divestment procedure will last between 120 and 150 days. Vladimirov expects a selling price of some BGN 200 mln, including the company’s liabilities of around BGN 100 mln.

According to Vladimirov, the privatisation of Freight Services will help pay off a considerable part of BDZ’s debt, amounting to BGN 740 mln.

“If the price of electricity goes up by 10% as of July 1, passenger fares should be hiked, too,” added Vladimirov, without specifying the exact amount of the increase.
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