Bulgaria Trakiya Highway to Be Financed by Iraqi Debt (US$$)

[WhiteTara]

Source: sofia news agency

The financing of Bulgaria's Trakiya highway is to come from the USD 350 M Iraqi debt, expected to be paid by the end of June, Prime Minister Sergey Stanishev said Tuesday.

After the failure of the "Trakiya" concession, a public tender will be used to determine the highway builders.

In addition to the Iraqi debt, resources from the structural reserve an from the budget surplus, expected to be high this year, could also be used for the highway's construction.

On Tuesday the PM, along with Assen Gagauzov, Minister of Regional Development, inspected the construction of the "Maritsa" highway. 45 million BGN are needed to complete 40 km of the highway in the direction of Capitan Andreevo, which are to be provided by the state.
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Read more: http://www.novinite.com/view_news.php?id=93293

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:wtf:

[Mojorabbit]

1. I have no idea

what they are talking about. Bookmarking for later because I am really interested.

[magellan]

2. I concur

In return for unending occupation and misery, the Iraqis owe the Bulgarians a highway?

:wtf:

[WhiteTara]

4. I think it says for the Iraqis unending misery

WE owe the Bulgarians a highway
:eyes:

[Lasher]

3. This came out in November last year.

Iraq's debt to Bulgaria was created in the 80s mainly through arms supplies from Bulgaria to Saddam Hussain's government during the Iraq-Iran war. Paying the debt came to a halt in 1992 when the united Nations imposed sanctions on the Baghdad regime for the invasion of Kuwait by Iraqi forces, Dnevnik daily said.

http://www.sofiaecho.com/article/bulgaria-to-receive-360m-from-iraqi-debt/id_26089/catid_66

[WhiteTara]

5. And, so, why is it now OUR debt?.

Just asking cause I'm confused. But thanks for the clarification.