Only two days have passed, and the news of the failure of the million-kilometer road tender in Bulgaria has spread all over the world, and many news newspapers have used the term "farce of the century" to describe the Bulgarian government.

Including the five companies that signed up before and later gave up, they were all exposed, and the consortium behind them was of course still in a state of diving, and the media still knew who could not be messed with.

For some reason, these companies have published their own budgets for the cost of engineering projects, and there is no doubt that none of them are less than 100 billion leva.

For example, the London Daily published a comment saying that Bulgarian government officials failed math and only scored 50 points when they were studying, so the final cost was also discounted by 50!

The Sun Times commented that the Bulgarian government has been overrun with bureaucrats and has been derailed from society!

The Paris Morning Post commented that this is a farce of the new era, and the officials of the Bulgarian government have not yet woken up, and they are so mad that they ignore reality for the sake of political achievements!

……

Foreign newspapers are scolding, and domestic newspapers have nothing good to say, but everyone is much more restrained, just arresting the Ministry of Communications for accountability and asking them to give an explanation.

Beshir did not disappoint everyone, and directly published a letter of apology in the Bulgarian daily newspaper, announcing the main reasons for the huge gap in the cost budget.

The government budget does not take into account the time cost of funds, and this road construction plan, it is expected to take decades to achieve profitability, considering the time cost of funds, so the final investment will be very different!

As for the secondary reason, I will mention it a little bit, anyway, everyone still has this basic common sense.

At present, the average profit rate in Bulgarian society is still at a high level of 20%, and if you use this as a benchmark to estimate the time cost of funds, this project is undoubtedly a loss to grandma's family!

Even if it is the time cost of using bank interest as the capital, it is an astronomical amount, and the people probably figure out why the cost gap between the government and enterprises is so big!

Government investment, which itself does not consider funds, suddenly became corporate investment this time, and everyone's thinking was not changed, which eventually caused this farce.

After figuring out the farce, the Bulgarian government also revised the bidding conditions again, and the final cost of course was not announced.

The bidder still had to bear the full amount of the money, but the government's support for the project had increased, allowing the capitalists to open billboards, small shops, restaurants, and hotels in addition to the gas station......

However, there is also a limit on the number of gas stations, and the number cannot exceed the number of gas stations, so in principle, the location should be located within 200 meters and 500 meters away from the gas station.

These commercial facilities will also receive tax exemption support from the government until the road project is profitable.

Regardless of the large number of preferential conditions that have been added, in fact, the number of bidders who have come to sign up has not increased, and the cabinet has to personally come forward to do the work of the only two bidding companies.

Then on January 10, 1922, the day before the tender meeting started again, the Bulgarian Road Construction Group and the Bulgarian Road Group announced the merger to form the Bulgarian Infrastructure Investment Group, and the two sides would work together to operate the project!

This news will be a lot of people thunder, doesn't it mean that this is a giant pit project? Why would anyone still jump into a pit?

And this kind of merger in the bidding project is also a violation of the Bulgarian bidding law, which has constituted a crime.

Soon the mystery was revealed, and on January 11, 1922, the negotiations began again, and at the beginning Beshir said: "Today I would like to announce an important news, and before I do it again, on behalf of the Bulgarian Ministry of Transport, I would like to apologize to all the Bulgarian people for the very bad social impact caused by our mistakes!"

At the same time, I must also apologize to all bidders, our mistakes have caused them very serious financial losses, and all bidders can wait to apply for compensation for administrative errors by the government.

The million-kilometer road plan, after the government department recalculated the cost, and finally found that the total investment has exceeded 120 billion leva, and there is no possibility of profit for this project!

I don't agree with the view that the media critics of the Ministry of Transportation officials for the sake of their performance are not considered to be the consequences, and since this plan has been put forward and passed by the Congress, we must implement it.

After the government's research and decision, we decided to change this project into a public welfare investment project, and to bring together the strength of our Bulgarian society to implement this great strategy!

So now you don't have to question why our two bidders merged and to run this project, it is only possible to complete it if everyone unites.

So today's bidding meeting can already be announced to be over early, and now it can be changed to a press conference!

The cooperation between the Ministry of Transport and the Bulgarian Infrastructure Investment Group is no longer a commercial project, but a public welfare project!

Let's let the implementer of this project, Mr. Howell, President of the Bulgarian Infrastructure Investment Group, say a few words! ”

As soon as he finished speaking, the media fried the pot, and there is this kind of operation? Who is willing to invest a lot of money in a public welfare project without pursuing returns?

Soon Howell, the new president of the newly established Bulgarian Infrastructure Investment Group, stepped onto the rostrum, took the microphone from Beshir's hand in a graceful manner, and then said: "Mr. Beshir has just explained the situation, and I will repeat it here.

Because the investment in this project is too large, the rate of return is too low, and even the cost may not be recovered, so commercial operation is already impossible.

Any successful business must have a sense of social responsibility, which is a traditional virtue of Bulgaria and must be passed on by our generation!

I also stood up for this reason, the importance of this project to Bulgaria is undoubted, once the completion of the big highway project, the entire Bulgarian Eurasian continent will be closely connected, people will be more convenient to travel, and the cost of commercial logistics will be greatly reduced......

With so many roles, the times won't allow us to give up on this project!

Although this project is not profitable, our company still intends to continue, thanks to the shareholders and gentlemen who support me behind the scenes, without their support, I, the president, would not have the money to invest!

At the same time, I would also like to call on more people to participate in this project and gather everyone's strength to accomplish this impossible feat!

As the president of the company, now I began to raise funds from the society, first of all: I hereby guarantee that this project will not be profitable, and I can't guarantee you the return on investment!

Secondly, even if the project can be profitable in the future, after everyone gets back the principal, all the profits obtained will be used to transform the desert, for example: to plant trees, or to plant grass!

In short, I will not use it to give you dividends, don't expect this project to make money, and even your principal will be squandered by me, the incompetent president! ”

Howell's domineering declaration once again thundered everyone! Many people are thinking, is he here to dismantle the stage?

Having said that, will anyone continue to invest? That's 120 million leva, where to fool so many fools to send money?

Soon there was thunderous applause, no doubt that it must have been the Bulgarian side of the applause, and the overseas journalists were stunned to watch all this.

They looked at Howell on the stage with pity, once the operation of this project failed, he, the high-spirited president, didn't know if he would be invited to eat peanuts?

After a few moments, the crowd recovered from the news, and the New York Times reporter asked, "Mr. Howell, where did you get the confidence to accomplish this plan?" You know, that's more than 120 billion leva, which is more than half of Bulgaria's GDP last year, and who will give you this money? ”

Howell replied with an unchanged face: "The whole people of Bulgaria have given me this confidence, and with their support, it will not be difficult to complete this plan in ten years!" ”

A reporter from a Bulgarian daily newspaper also asked: "Mr. Howell, I am sure that the Bulgarian people will support this plan, and in fact I myself support it.

But what about the funds? As far as I know, our Bulgarian people are not so rich, more than 120 billion leva, even if it is apportioned more than 3,000 leva per capita.

Ordinary people may have to work for three years in a row to get so much salary, they also have to live, and if they have to come up with this money, maybe all the income in the past ten years will be taken out!

You're not going to let the Bulgarian people run out of their pockets to support this project, right? ”

Howell smiled and replied, "Of course not, have you ever heard the words of His Majesty the Great King - 'With great power comes great responsibility'?" ”

The reporter nodded and said, "Of course, many of His Majesty's words are very philosophical!" ”

Howell went on to explain: "In that case, you can understand where we are funded, and in fact all the shareholders within our company have raised 10 billion leva.

In addition, we are also planning to issue a batch of construction bonds to the society, and now the three major banks in Bulgaria have decided to support this plan, they will help us issue bonds for free, and they have also promised to give us the best interest rate on loans.

Of course, the interest rate of this bond is very low, the interest rate is the same as the bank's deposit interest, and the bank will provide us with a guarantee for the security of the bond, even if it is not due, you can exchange the principal in the bank in advance, and our previous treasury bonds are the same! ”

A reporter from the Bulgarian daily newspaper asked in surprise: "Oh, is this true?" So the funding of our project is no longer a problem? ”

Howell jokingly said, "Of course it's true, I wouldn't have the guts to run this project without so much good news!"

Know that once the project fails. The Bulgarian people can't spare me, I don't want to be beaten in the streets! ”

……

Although it was not seen as a joke by the Bulgarian government, the media were satisfied, and today's news was so shocking that who would have thought that an investment of more than 120 billion leva would actually be carried out for charity?

What's even more unbelievable is that there are still capitalists willing to invest in it?

The term corporate social responsibility is not new, everyone knows that it is a Bulgarian originality!

It may be the relationship between water and soil, once you leave Bulgaria, the sense of social responsibility of the enterprise is gone!

As for the reason behind this scene, everyone is too lazy to study it, just make it up, anyway, they are not Bulgarian newspapers, so they are not responsible for the authenticity!

If they really found the reason, they would not dare to publish it, and the capitalists of this era are not easy to mess with!

Inviting someone to eat peanuts is just a small problem, and if you are in a hurry, you have to ask someone to make a local plane, which is a family that ascends to heaven together!

There is no doubt that this public welfare operation is naturally Ferdinand's originality, and as for the source of funds, it naturally relies on bank loans.

Although the total investment is as high as more than 120 billion leva, it is actually amortized to 12 billion leva per year, and this is still an inflated cost.

Just like Howell announced that the shareholders of the company would contribute 10 billion leva, could Ferdinand really take 10 billion out?

After ten years, it will be one billion leva per year, and the profit he gets through this project will not be more than one billion leva per year?

The raw materials have been laid out in advance, how can this project have a profit of 18 billion yuan? If you add the relevant upstream enterprises, the loan profits of banks, this figure is even larger.

As for why do you want to change to public welfare operations and give up huge profits in the future? Ferdinand is also very helpless, he is afraid that someone will reveal his secret!

You must know that this kind of monopoly enterprise is the most hated, and when the future of automobiles is popularized and the price of oil is high, can these people not scold the company?

Driven by curiosity, there will always be people who will check the inside information of this company, in case someone finds out that the mastermind behind it is actually the royal family, so what?

Once it is changed to public welfare operation, it will be different, and even if the company makes more money in the future, the people will not have opinions. Is there a problem with car exhaust polluting the environment, charging you an extra part of the fuel money to plant trees and green the earth?

Although a large part of the profits are lost in this area, but the profits of other industries are still there, as a monopoly on more than half of the world's oil suppliers, Ferdinand is not short of money, why should he get this money?

Besides, there are so many deserts in Bulgaria that even if the average car is averaged, the extra fuel cost per year can only be planted for 100 saplings, and according to the calculation of the total number of 10 million cars in Bulgaria in 20 years, that will be a billion trees, and the desert will be reduced by 2,000 square kilometers every year.

If the population of Bulgaria reaches more than 200 million and the number of vehicles increases to 100 million, then it is equivalent to an increase of 20,000 square kilometers of land every year, which is still very cost-effective! (based on the percentage of car ownership in Europe in the 80s)

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