Mediterranean Hegemony Road

It has only been two days, and the news of the failure of Bulgaria's million-kilometer road bidding meeting has spread all over the world. Many news newspapers use the "farce of the century" to describe the Bulgarian government.

Including the five companies that signed up earlier and later gave up, all of them were exposed. Of course, the consortium behind them is still in a diving state, and the media still knows who can’t be messed with.

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

For example: The London Daily commented that the Bulgarian government officials failed in mathematics and only got 50 points in the exam when they were studying, so the final cost was also discounted by 50%!

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

The Paris Morning Post commented that this is a farce in the new era. The officials of the Bulgarian government have not woken up yet, and they have become crazy enough to ignore the reality for their political achievements!

...

The foreign newspapers were full of scolding, and the domestic newspapers did not have any good words, but everyone had to restrain themselves a lot. They just arrested the Ministry of Communications for accountability and asked them to give an explanation.

Beshear did not disappoint everyone, and directly published an apology letter in the Bulgarian daily, announcing the main reason for the huge cost budget gap.

The government budget does not consider the time cost of capital, and this road construction plan is expected to take decades to achieve profitability. Considering the time cost of capital, the final investment will be very different!

As for the secondary reasons, I have only mentioned them briefly, but everyone still has some basic common sense.

At present, the average profit rate in Bulgarian society is still at a high level of 20%. If the time cost of capital is estimated based on this, this project will undoubtedly be a loss to my grandma's house!

Even with bank interest,

The time cost of capital is also an astronomical figure. The public probably figured out why the cost gap between the government and the enterprise is so large!

Government investment itself does not consider capital. This time, it suddenly became corporate investment. Everyone's thinking did not change, which eventually caused this farce.

After figuring out the farce, the Bulgarian government also revised the bidding conditions again. Of course, the final cost was not announced. There was a big oolong just now. Before we figured it out, everyone chose to be cautious.

The funds still need to be fully borne by the bidders, but the government's support for the project has increased. In addition to the profit point of gas stations, capitalists are also allowed to add billboards, open small shops, restaurants, hotels...

However, there are also restrictions on the quantity, and the number cannot exceed the number of gas stations.

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

Don't look at the addition of a lot of preferential conditions. In fact, the number of bidders who came to sign up has not increased. 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 bidding meeting started again, the Bulgarian Road Construction Group Corporation and the Bulgarian Road Group Corporation announced the merger to form the Bulgarian Infrastructure Investment Group, and the two sides will jointly operate this project!

This news will make a lot of people's thunder, doesn't it mean that this is a giant pit project? Why do people still jump into the pit?

And this kind of merger that was born in the bidding project is also a violation of Bulgaria's bidding law, which has constituted a crime. Now such an upright announcement, isn't it courting death?

The mystery was soon revealed, and negotiations began again on January 11, 1922. Beshear said at the very beginning: "Today I want to announce an important news. Before I do it again, I will apologize to all Bulgarians on behalf of the Bulgarian Ministry of Transport. , Due to our work mistakes, it has caused a very bad social impact!

At the same time, I also have to apologize to all the bidders. Our mistakes have brought them serious economic losses. All bidders can apply for the government's administrative error claims later.

The cost of this million-kilometer road project has been re-calculated by the government department, and the total investment has now exceeded 120 billion leva. There is no possibility of any profit for this project!

Friends in the social media, accuse our officials of the Ministry of Transportation of not considering the consequences for the sake of performance. I do not agree with this view. Since this plan has been proposed and passed in Congress, then we must continue to implement it. .

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

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

So today's bidding meeting can be announced to end 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!

Now let's let the implementer of our project, Mr. Howell, President of Bulgarian Infrastructure Investment Group, say a few words! "

Just finished speaking, the media will fry the pot, and there is such an operation? Who is willing to invest huge sums of money for a public welfare project without seeking returns?

Soon Howell, the new president of the newly established Bulgarian Infrastructure Investment Group, stepped onto the rostrum. He gracefully took the microphone from Besir and said, "Mr. Besir has explained the situation just now. I repeat it here again.

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

Any successful enterprise must have a sense of social responsibility. This is our Bulgarian traditional virtue, and our generation must also pass it on!

I also stood up for this. The importance of this project to Bulgaria is unquestionable. Once the big road plan is completed, the entire Bulgarian Eurasia 6 will be closely linked, and people's travel will also become More convenient, commercial logistics costs will be greatly reduced...

With so many functions, the times will not allow us to give up this project!

Although this project is not profitable, our company still intends to continue. This is thanks to the shareholders who support me behind my back. Without their support, I, the president, would have no 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, I will now start raising funds from the society. First of all, I will declare: I hereby promise that this project will never be profitable, and I cannot guarantee your return on investment!

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

In short, I will not use it to distribute dividends to you. Don't expect this project to make money. Even your principal will be squandered by my incompetent president! "

Howell's domineering declaration once again knocked everyone down! Many people are thinking, is he here to demolish the platform?

Having said that, will anyone continue to invest? This is 1.2 billion levs, where are you going to fool so many fools to send money?

Soon there was thunderous applause on the field. There is no doubt that this must be someone from the Bulgarian side applauding. The overseas reporters were all stunned watching all this.

They looked at Howell on stage with pity. Once the project failed, he, the high-spirited president, would not be invited to eat peanuts?

After a while, everyone slowed down from the news, and a reporter from The New York Times asked: "Mr. Howell, where did you get your self-confidence to complete this plan? You must know that this is more than 120 billion levs. That's more than half of Bulgaria's GDP last year, who's going to give you that money?"

Howell replied without changing his face: "All the people in Bulgaria have given me this confidence. With their support, it will not be difficult to complete this plan within ten years!"

The reporter of the Bulgarian daily also asked: "Mr. Howell, I believe that the people of Bulgaria will support this plan, in fact I support this plan myself.

But what about the money? As far as I know, we Bulgarians are not that wealthy, more than 120 billion levs, even if the per capita share is more than 3,000 levs.

Ordinary people may have to work for three consecutive years before they can get so much salary, and they also have to live. If they need to pay for this money, maybe they will pay all of their income for the past ten years!

You're not going to let the Bulgarians go out of their pockets to support this project, are you? "

Howell replied with a smile: "Of course not. Have you ever heard the words of the great King His Majesty - 'With great power comes great responsibility'?"

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

Howell continued to explain: "In this case, you understand the source of our funds, in fact, all shareholders within our company have raised funds of 10 billion levs.

In addition, we also plan to send a batch of construction bonds to the society, and now the three major banks in Bulgaria have decided to support this plan. They help us to issue bonds for free, and also promise to give us the best loan interest rate.

Of course, the interest of the bond is very low this time. The interest rate is the same as the bank's deposit interest. The security of the bond will be guaranteed by the bank. Even if it is not due, the principal can be exchanged at the bank in advance. Same as national debt! "

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

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

Be aware that once this project fails. Bulgarian people can't spare me, I don't want to be slapped in the street! "

...

Although it was not seen as a joke by the Bulgarian government, the media were still satisfied. Today's news is really shocking. Who would have imagined that the investment of more than 120 billion levs would actually be charitable. Operation?

What is even more incredible is that there are still capitalists willing to invest in it?

The concept of corporate social responsibility is not new. Everyone knows that this is an original creation in Bulgaria!

It may be the relationship between water and soil. Once you leave Bulgaria, the corporate social responsibility will be gone!

As for the reason behind the scenes, everyone is too lazy to study it, just make it up, because they are not a Bulgarian newspaper anyway, so they don't have to be responsible for the authenticity!

If they really found the reason, they wouldn't dare to publish it. The capitalists of this era are not easy to mess with!

Inviting people to eat peanuts is just a small problem. If you are in a hurry, you have to invite people to make earth planes. That’s when the whole family ascends to the sky together!

There is no doubt that this public welfare operation is naturally the original creation of Ferdinand. As for the source of funds, it is naturally dependent on bank loans.

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

Just like Howell announced that the shareholders of the company invested 10 billion leva, can Ferdinand really give 10 billion?

After ten years, it is only one billion levs per year. The profits he gets through this project are not only one billion levs per year, right?

The raw materials were laid out in advance, and after this project was completed, how could there be a profit of 18 billion? If the relevant upstream enterprises and banks' loan profits are calculated, this figure is even larger.

As for why it should be changed to public welfare operation and give up huge profits in the future? Ferdinand is also very helpless, he is afraid of being exposed!

You must know that such monopolistic companies are the most hated. In the future, when cars are popularized and oil prices are high, can these people not scold companies?

Driven by curiosity, there will always be people who will check the inside information of this company. If it is discovered that the mastermind behind the scenes is actually the royal family, then what?

Once it is changed to a public welfare operation, it will be different. In the future, even if the company makes more money, the public will not have any opinions. Car exhaust pollutes the environment, and you will be charged a part of the fuel money to plant trees and green the earth. Is this a problem?

Although a large part of the profit has been lost in this area, the profits of other industries are still there. As an oil supplier that monopolizes more than half of the world, Ferdinand is not short of money. Why should he take this money?

Besides, there are so many deserts in Bulgaria. Even if the average fuel cost per vehicle is averaged, only one hundred saplings can be planted. According to the calculation of 10 million vehicles in Bulgaria in 20 years, that is one billion. tree, and every year, 2,000 square kilometers of desert will be reduced.

Over time, it is not a small number. If the population of Bulgaria reaches over 200 million in the future 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. This account is still very cost-effective. of! (calculated as a percentage of European car ownership in the 1980s)

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