Chinese Corporation Announces Investment Intentions in Bulgaria
Friday, 10 March 2017
The China Railway Rolling Stock Corporation, CRRC has officially informed the Ministry of Transport, Information Technology and Communications of its investment intentions in Bulgaria.
The corporation is proposing to refinance the debts of Bulgarian railways to the amount of 130 million euro, to finance the purchase of new electric and diesel single unit trainsets to the amount of 170 million euro and to invest in a new assembly factory for such trains in Bulgaria. Bilateral talks on these investment intentions are forthcoming. One of the top priorities of the Transport Ministry at this time is to improve the services offered by the national rail carrier.