Government Separates Carrier From The Railway Infrastructure.
21.12.2001
Source: BEF News Desk
The Ministry of Transport and Telecommunications will propose to the government the debt of the Bulgarian State Railways /BDZ/ to the state, which amounts to BGN 140 M, to be settled by expanding the state participation in the capital of the railway company with the same amount. According to the Law for the Railway Transport, the separation will be implemented as from January 1, 2002 through setting up two different companies. One of them will maintain the national railway infrastructure and the other company will be the carrier.The government decided today to transform BDZ EAD into a carrier company. It will have capital of BGN 10 M distributed in 1 million shares with nominal of BGN 10.