Listening to Lancelot's words, Besil Ivanov's cold sweat is about to break out, there is no problem with an error in cost accounting, but if the error exceeds 20 percent, it is necessary to investigate the reason, and now the gap is more than doubled, if it is confirmed, then this is a very serious administrative accident.

If it is an ordinary time, a mistake occurs, as long as it is corrected in time, it is not a big deal. But this time is different, who will fill the huge hole with a difference of more than 60 billion?

Fortunately, this is before winning the bid, if after winning the bid, the winning bidder can take this evaluation report to touch the porcelain, directly pay all the construction costs and management expenses, and let the Ministry of Communications help to build, it is estimated that the Ministry of Communications will be killed!

Of course, this kind of thing can't happen in Bulgaria, touch the government's porcelain, and still want to have a good life?

Now what Beshir is worried about is that these two companies are scared away by this cost, so how to end up in the future, he, the Minister of Transportation, will be in big trouble!

After a moment of silence, Smith spoke: "Our Bulgarian road construction company has limited financial strength and cannot afford this investment of more than 120 billion leva!" ”

Then Howell also said: "It's a pity that the investment of more than 120 billion leva is too big, even if it is divided into ten years, it will cost 12 billion leva per year, and we Bulgarian Highway Group Company do not have the strength to undertake this investment independently!" ”

Neither of them actually said to quit, which is undoubtedly good news, Behill knows that the shareholders behind these two companies are the beneficiaries of this plan, as long as they can protect their capital, or even not lose too much, they will support this plan!

Behill asked: "Do you two have any ideas to mention, on the issue of cost accounting, our government and your company's technical personnel can work together to re-survey and determine the new project cost, which will take a certain amount of time."

However, if you want to continue to undertake this project, then the final investment cost will still be borne by you, but the government will give you some support according to the actual situation! ”

Smith said with some hesitation: "I'm sorry, Mr. Beshir's investment of more than 120 billion leva has far exceeded our budget, and the Bulgarian highway alone cannot support this expenditure."

At the same time, the issue of profitability is also a trouble, according to the government's plan, non-luxury vehicle oil can not make huge profits, and the real profit point belongs to our family cars.

According to Bulgaria's economic development, after 10 years, the project will be fully completed, and the number of cars in the country will be between two million and three million.

Then the annual revenue may not be enough to pay the interest of the bank, if we take into account the operating costs, maintenance costs, and time costs of funds, our annual losses will be as high as 5 billion to 8 billion leva.

Even after 20 years, when our domestic car holdings have doubled, we are still in a loss, and with the interest on the interest owed for the previous 20 years, the economic experts of our group tell me that the loss figure will be even greater!

This has been accumulating like this, and I doubt that this project will have a day before it will pay off the bank interest! Of course, banks probably don't dare to lend unlimitedly, and they also have to consider the safety of depositors' funds! ”

Howell immediately retorted: "No! Mr. Smith, you are too pessimistic, theoretically, as long as the number of cars in the country reaches 20 million, and the average fuel cost per car is guaranteed to exceed 1,500 leva, we calculate according to the price of oil that is doubled, then there will be 1.5 billion leva gross profit, and we can basically break even!

Of course, the premise is to meet this standard within 20 years, otherwise the accumulated capital cost will exceed our imagination! ”

After listening to Howell's explanation, everyone shook their heads speechlessly, thinking that they still said that Smith was pessimistic, don't you think your statement is even more pessimistic than Smith?

Bulgaria has a population of just over 40 million, and it has to have 20 million cars, doesn't this mean that everyone who can drive a car is a small car?

Is this possible? Every household has a car, and in history, when Americans reached the peak of their economy in 1929, the number of cars in the country was only 5.33 million!

It was only in the nineties of the 20th century that North America and Europe reached the standard of 500 cars per 1,000 people, and the popularization of cars in this era was not feasible at all!

Even if they give a car to the people for free, their income will not be able to afford a small car, and now the per capita annual income of Bulgaria is only more than 1,200 leva, so let them pay 1,500 leva for fuel, isn't this nonsense?

Beshear knew that today's negotiations could not continue, and that there was no way to proceed with the plan unless the costs could be reduced or some sections of the road with low traffic could be cut!

"Alright, two! I understand what you mean, so let's postpone the meeting first, and when the final cost comes out, we're continuing to discuss!

But before I do that again, I want to ask you a question, what is the maximum construction cost that you can afford? This is related to our next negotiation, please answer carefully! ”

Smith replied without hesitation: "The company's bottom line is the maximum total investment, which cannot exceed 65 billion leva!" ”

Howell thought for a while and said, "Our bottom line is about the same as theirs, even if it's 65 billion leva!"

Of course, if the government's final appraisal price comes down, and the construction cost is less than 100 billion leva, we are willing to fund the government to build it, and it will be calculated at 100 billion leva! ”

As soon as he finished speaking, the reporters below applauded, which was very domineering, almost announcing that the cost of this project could not be less than 100 billion leva!

As for whether the Bulgarian government will undertake the construction, everyone knows that this is impossible, where will the additional funding gap come from?

This is not a small amount, it is tens of billions of leva, even if the Ministry of Finance has money, it is impossible to come up with such a large amount of money in order to fill the hole for the Ministry of Communications!

The first day of the meeting was abandoned halfway, and the subsequent meeting was postponed indefinitely, compared to Beshear's worries, the reporters were happy, this is undoubtedly big news!

Soon the eyes of the whole world will turn to Bulgaria again, and if the government fails to deal with this issue properly, it will become the biggest joke of the century!

After the meeting, Behill hurriedly rushed to the palace with experts and materials, what could he do without giving an explanation?

Although Ferdinand had known that this was going to happen, he still didn't stop it. It is also very necessary to take the opportunity to knock on the cabinet, otherwise after a long time, people will be ambitious, and it will be difficult to bring the team!

So Ferdinand pretended not to know anything, and when something happened, he directly held a cabinet meeting in the palace, waiting for them to come and be criticized!

……

Ferdinand's face was pale and he looked at the worried people, in fact, his heart was already happy, as a cabinet that has been in charge of the Bulgarian government for more than 20 years, his prestige has long been high to the sky, and now it is just right to cool them down.

"Why don't you say it? If no one wants to say anything, then I'm starting to ask? ”

Everyone bowed their heads honestly, apart from such a big flaw, how else could they say, even if the quotations of these two companies have water, no matter how much water there is, it is impossible to produce more than 60 billion yuan, right?

Especially the promise given by Howell later, you know that their cost budget must be well-founded, otherwise they would not dare to make a promise!

Ferdinand glanced at everyone and asked coldly, "Since you don't say it, then I'll start asking?" You've all seen the cost budget of the bidding company, so who told me why the gap between the two is so big? ”

Although he did not name names, Beshier also knew that this was the main responsibility of the Ministry of Transportation, so he could only reply bluntly: "There are four main reasons:

First, we did not consider the time cost of funds, the first few years of project investment belonged to the pure investment stage, and we did not calculate the interest of the invested funds, which is the most important error;

Second, we have not fully calculated the increased cost of construction in poor geological conditions and special climate areas, but this point still needs to be verified;

Third, the rise in raw material prices and labor costs, this expenditure is unknown, and we have not calculated it;

Fourth, the cost of building a gas station, we did not take it into account! ”

Ferdinand sneered and said, "What a good job you have done, don't think about this, don't think about that, don't tell me that all the projects in the ten-year plan are planned like this!"

So what do you do now? Even if it only needs an investment of 60 billion leva, the average investment, the interest on bank funds is calculated at an annual interest rate of 5%, and on average, it is at least 1.5 billion leva per year, (formula: 600÷2×5% = 15) In ten years, it is more than 20 billion leva! (Rolling interest, need to be accumulated, compound interest accrual.) ）

Actually, this number is only going to be bigger, I think you all passed the math, right? So who's going to tell me who will pay for the increased costs? ”

Everyone fell silent, this increased capital is not a fraction of the money, the Bulgarian government can not afford this expense, and the company cannot bear this expense for no reason!

Konstantin hesitated and said: "Can we ask the National Bank to provide a low-interest loan for this project to offset the time cost of some of the funds?" ”

Chancellor of the Exchequer Kennedy denied: "Impossible! This is equivalent to transferring the risk of this project to the bank, in fact, the risk of this project is no longer controllable, and there is a high probability that the loan will not be repaid in the future!

Once the bank is too deep in this project, if the project fails in the future, the bank may go bankrupt, and we cannot afford this consequence! ”

Konstantin stopped talking, this is no longer a question of the level of interest, but the project itself has a huge risk, once the project fails, the supply will be cut off, tens of billions of funds, no bank can bear this risk!

Chekov thought for a moment and said, "Can our government provide them with better conditions, increase their profit margins, and reduce the risk factor?" ”

Ferdinand nodded and continued, "Specifically?" What can the government do to give policy support to keep the project going? ”

Chekov thought for a while and said: "For example, investors are allowed to delay the construction of roads in some areas to reduce their financial pressure in the early stage;

Another example: the government will directly allocate part of the undeveloped sand and gravel yard to this project to reduce the cost of raw materials;

Even the tax of the participating construction enterprises in this project is exempted, so as to reduce the construction cost of this project!

The government can also authorize road construction companies to build gas stations on roads at the same time, and then authorize them to build a series of facilities such as shops, restaurants, hotels, etc., and also give them free treatment! ”

Ferdinand shook his head and said, "All the methods are good methods, but in fact, none of these methods can be implemented!"

Unlike gas stations, we can't afford to tax off these shops, restaurants, and inns forever, and we can't let them have a monopoly on the sides of the road!

So in fact, the most we can do is to reduce the cost of some raw materials for this project, but this will save billions of funds at most, and it is not realistic to increase the income of this project!

It is impossible for us to break the industrial chain of our entire society for the sake of this project, and even allocate material yards and tax exemptions for participating enterprises, which will cause a very bad social impact! ”

The faces of the crowd also darkened again, just like Ferdinand said, the industrial chain of society must not be destroyed. The preferential policies provided by the government must be carried out within the framework of Bulgarian law.

Beshear thought for a moment and said, "Is there a way for the government to provide a batch of free labor for this project?" ”

Ferdinand did not answer, but turned his gaze to Constantine, which was clearly signaling the Prime Minister to answer.

After a moment of silence, Konstantin said with some hesitation: "At present, the free labor in the hands of the government is composed of criminals, and they all work in the mines or on the railways.

We can't influence other projects for the sake of road projects! Unless we find a way to add a batch of free laborers, this problem still needs the cooperation of the military! ”

Although it was not directly stated, everyone knew what Konstantin's solution was, but no one objected, and now it seems that this is undoubtedly the best way.

After all, in the highway construction in this era, labor costs account for almost half of the construction costs, if you can save most of this money, then the problem of excessive investment is basically solved!

Ferdinand didn't say anything, but his reaction was undoubtedly acquiescing to the government's decision, and as for what the consequences of this decision would be, it was not in his consideration, and he couldn't see it anyway!

……

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