Bulgaria's Railway Company Buys Siemens Diesel Trains
Bulgaria’s state-owned railways and German company Siemens signed a 67-million euro deal for 25 diesel trains, railway officials said. The first two trains should be shipped to Bulgaria by the end of the month, and the remaining 23 trains are expected to be delivered by the year’s end, said Transport Minister Nikolai Vasilev, who signed the agreement.
Siemens won the deal in December in competition with Canada’s Bombardier Inc. and France’s Alsthom. Bulgaria’s railways are also negotiating with Siemens over up to 25 electric trains and the setting up of a joint venture for train repair and maintenance.
In October, the government announced ambitious plans to invest 388 million euros in upgrading the country’s rail infrastructure by 2008 as part of its efforts to bring railroad transport in line with European Union standards.