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Consultation on Bulgarian railway recovery strategy

10 Apr 2015

BULGARIA: A draft strategy for the development of the rail network in 2015-22 and the restructuring of state railway company Holding BDZ was published for consultation by the Minister of Transport, Information Technology & Communications on April 7.

Minister Ivaylo Moskovski said ‘joint and targeted actions’ by National Railway Infrastructure Co and Holding BDZ’s passenger and freight businesses would ‘send a positive signal to all partners’ and will ensure the ‘sustainability of the Bulgarian railway sector.’

The proposals cover three scenarios depending on the funding to be made available, designated ‘optimistic’, ‘pessimistic’ and ‘realistic’. The various mutually-dependent proposals include:

  • a programme of rolling stock investment, with a minimum requirement for 15 electric multiple-units. The optimistic strategy would significantly improve service quality with the purchase of 30 EMUs and 16 DMUs;
  • prioritising the main EU transit corridors for development, with nationally important corridors as the second priority;
  • modernisation of IT systems;
  • staff training;
  • repayment of Holding BDZ’s debt, to reduce the pressure from creditors; this could include raising funds through another attempt to privatise freight business BDZ Tovarnni Prevosi;
  • sale of non-operational assets including buildings and surplus locomotives and wagons to raise further funds.

Consultation with interested parties will take place over the next month, following a presentation to the parliamentary transport committee on April 8. According to Executive Director of Holding BDZ Vladimir Vladimirov, measures could be added or removed before the strategy is finalised and adopted by parliament.