Vol 5 Chapter 57: , Nonprofit operation

Only two days have passed. The news of the failure of Bulgaria’s million-kilometer road bidding conference has spread throughout the world. Many news newspapers have used the term "farce of the century" to describe the Bulgarian government.
Including the five companies that signed up and gave up later, they were all exposed. Of course, the consortium behind them was still diving, and the media still knew who could not mess with.
For some reason, these companies have announced their own budgets for the cost of construction projects, and there is no doubt that none of them is less than 100 billion lev.
For example, the London Daily commented that Bulgarian government officials failed in maths and only took 50 points when they were studying, so the final cost was also 50% off!
The Sun Times commented that the Bulgarian government has been flooded with bureaucrats and has derailed from society!
The Paris Morning Post commented that this is a farce of the new era. The officials of the Bulgarian government have not yet woken up, and they have been frantic and disregarded for their achievements!
...
The foreign newspapers were full of scolding, and the domestic newspapers did not have any good words, but everyone was going to converge a lot. They just caught the Ministry of Communications for accountability and asked them to give an explanation.
Bashir did not let everyone down, and directly published a letter of apology in the Bulgarian daily newspaper, and announced the main reason for the huge cost budget gap.
The government budget did not consider the time cost of funds, and the road construction plan is expected to take decades to achieve profitability. Considering the time cost of funds, the final investment will be far apart!
As for the secondary reason, I just mentioned it in one stroke, and I mentioned it a little bit. Anyway, you still have some basic common sense.
At present, the average profit rate in Bulgarian society is still at a relatively high level of 20%. If the time cost of capital is estimated on this basis, this project is undoubtedly a loss to my grandma's family!
Even if bank interest is used as the time cost of funds, it is an astronomical figure. The public probably understands why the cost gap between government and enterprise accounting is so large!
Government investment itself does not consider funds. This time it suddenly became an enterprise investment. Everyone's thinking was not changed, which ultimately caused this farce.
After clarifying the farce, the Bulgarian government also revised the bidding conditions again. Of course, the final cost was not announced. A big oolong just appeared. Before clarifying, everyone chose to handle it carefully.
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 profitable gas station, capitalists are also allowed to set up billboards, open small shops, restaurants, hotels...
However, there are also restrictions on the number. The number cannot exceed the number of gas stations. In principle, the site is selected 200 meters away from the gas station and within 500 meters.
Before the highway project is profitable, these commercial facilities will also receive tax-free support from the government.
Regardless of the addition of a lot of preferential terms, in fact, the number of bidders who came 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 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. The two parties will jointly operate this project!
This news made a lot of people ridiculous. Didn't it mean that this is a huge pit project? Why would someone jump into the pit?
Moreover, this kind of merger in the bidding project is also a violation of Bulgaria's tendering law and has constituted a crime. Now that such a fair announcement is not a court death?
Soon the mystery was revealed. Negotiations started again on January 11, 1922. At the beginning, Beshir said: "Today I am going to announce an important news. Before again, I will apologize to all the Bulgarian people on behalf of the Bulgarian Ministry of Transport. , Due to our work mistakes, caused a very bad social impact!
At the same time, I must also apologize to all bidders. Our mistakes have caused them very serious economic losses. All bidders with this problem can apply for administrative mistakes claims from the government later.
After the government re-calculated the cost of this million-kilometer road plan, it was finally found that the total investment has exceeded 120 billion levs. There is no possibility of profit for this project!
Friends from the media in the society, accusing our officials of the Ministry of Transportation of not considering the consequences for the sake of political performance. I do not agree with this view. Now that this plan has been proposed and passed in Congress, we must implement it. .
After the government's research and decision, we decided to change this project into a public welfare investment project to integrate the strength of our entire society in Bulgaria 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 the project if everyone is united.
So today's bidding meeting can be declared to end early, and it can now be changed to a press conference!
The cooperation between our Ministry of Transport and the Bulgarian Infrastructure Investment Group is no longer a commercial project, but a public welfare project!
Now let us, the implementer of this project, Mr. Howell, President of the Bulgarian Infrastructure Investment Group, say a few words! "
Just finished talking, the media fry the pot, and this kind of operation? Who is willing to invest huge sums of money in a public welfare project without seeking returns?
Soon Howell, the new president of the newly established Bulgarian Infrastructure Investment Group, stepped onto the podium. He gracefully took the microphone from Beshir, and then said: "Mr. Beshir has just explained the situation. I 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 no longer possible.
Any successful company must have a sense of social responsibility. This is our Bulgarian traditional virtue, and our generation must also pass on it!
I have also stood up because of this. The importance of this project to Bulgaria is beyond doubt. Once the grand highway plan is completed, the entire Eurasian continent of Bulgaria will be closely linked together, and people's travel will become even more. Convenient, the cost of commercial logistics will also be greatly reduced...
With so many functions, the times will not allow us to abandon this project!
Although this project is not profitable, our company still intends to continue. This is thanks to the shareholders who supported me behind the scenes. Without their support, my president would not have the money to invest!
At the same time, I also want to call on more people to participate in this project, gather everyone's strength, and accomplish this impossible feat!
As the president of the company, I am now beginning to raise funds from the society. First of all, I declare: I hereby guarantee that this project will never be profitable, and I cannot guarantee you the rate of return on your investment!
Secondly, even if this 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: for tree planting, or for planting grass!
In short, I will not use it to pay you dividends. Don't expect this project to make money. Even your principal will be squandered by my incompetent president! "
Howell's domineering declaration knocked everyone down again! Many people are thinking, is he here specifically to tear down the stage?
Having said that, will anyone continue to invest? This is one hundred and two billion levs. Where can I fool so many fools to send money?
Soon there was thunderous applause on the field. There is no doubt that this must be the applause of the Bulgarian side. The overseas reporters all watched all this in amazement.
They looked at Howell on the stage with pity. Once the project fails, his spirited president, wondering if he will be invited to eat peanuts?
After a while, everyone was relieved from the news. A reporter from the New York Times asked: "Mr. Howell, where did your self-signaling plan complete? You know, this is more than 120 billion levs. This is equivalent to more than half of Bulgaria's GDP last year. Who will provide you with this funding?"
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!"
A reporter from the Bulgarian Daily also asked: "Mr. Howell, I believe that the Bulgarian people will support this plan. In fact, I also support this plan.
But what about the funds? As far as I know, our Bulgarian people are not so wealthy, more than 120 billion levs, even if the average share is more than 3,000 levs.
Ordinary people may have to work for three consecutive years before they can get so much wages. They also have to live. If they need to spend this money, they may have all their income in the past ten years!
You will never let the Bulgarian people dig out their pockets and support this project, right? "
Howell smiled and replied: "Of course not, have you heard the great King say a word-‘the greater the ability, the greater the responsibility’?"
The reporter nodded and said, "Of course, many of His Majesty's words are very philosophical!"
Howell went on to explain: "In this case, you understand the source of our funds. In fact, every shareholder in our company has already raised 10 billion lev.
In addition, we also plan 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 help us issue bonds for free and promised us the most favorable loan interest rate.
Of course, the interest rate of this bond is very low. The interest rate is the same as the bank deposit interest. The security of the bond will provide us with a guarantee. Even if it is not due, the principal can be exchanged in the bank in advance, similar to our previous Same as national debt! "
A reporter from the Bulgarian Daily asked in surprise: "Oh, is this true? So the funding of our project is no longer a problem?"
Howell jokingly said: "Of course it is true. If there is not so much good news, I would not have the guts to run this project!
Be aware that once this project fails. The Bulgarian people can't spare me, I don't want to be sapped on the street! "
...
Although it is not regarded as a joke of the Bulgarian government, the media are still satisfied. Today’s news is really shocking. Who can imagine that the investment of more than 120 billion lev actually requires charity Operation?
What is even more incredible is that there are still capitalists willing to invest in it?
The idea of ​​corporate social responsibility is not new anymore. Everyone knows that this is the original creation of Bulgaria!
It may be the relationship between water and soil. Once you leave Bulgaria, the corporate social responsibility is gone!
As for the reason behind the scenes, everyone doesn't bother to study it, just make up it directly. Anyway, they are not a Bulgarian newspaper, and they are not responsible for the authenticity!
If they really found the reason, they wouldn't dare to publish it. 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 ask someone to make a plane. That's a family ascending to heaven together!
There is no doubt that this public welfare operation is naturally the original creation of Ferdinand. As for the source of funds, it naturally relies on bank loans.
Although the total investment is as high as more than 120 billion levs, it is actually amortized to only 12 billion levs per year, and this is still an inflated cost.
Just like Howell announced that the shareholders of the company invested 10 billion levs, could Ferdinand really get 10 billion out of it?
After being divided into ten years, it will be one billion lev every year, and the profit he gets through this project ~ EbookFREE.me~ is not only one billion lev every year?
The raw materials were laid out in advance. After this project is completed, how can there be a profit of 8 billion yuan? If we calculate the loan profits of related upstream companies and banks, this figure is even greater.
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!
We must know that this kind of monopolistic enterprise is the most hated. When cars become popular in the future and oil prices are high, can these people not scold the enterprise?
Driven by curiosity, someone will always check the inside information of this company. What if someone finds out that the man behind the scenes is actually the royal family?
Once it changes to charity operations, it will be different. In the future, no matter how much the company makes, the public will not have any opinions. Automobile exhaust pollutes the environment. You will be charged a portion of the gas money to use for afforestation and greening of 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 the oil supplier that monopolizes more than half of the world, Ferdinand is not short of money. Why should he use this money?
Besides, there are so many deserts in Bulgaria. Even if the extra fuel cost per car is averaged down, only 100 saplings can be planted. If there are 10 million cars in Bulgaria 20 years later, that’s one billion. A tree also reduces the desert by 2,000 square kilometers every year.
It’s not a small number that accumulates over the years. If the population of Bulgaria reaches more than 200 million and the number of vehicles increases to 100 million one day in the future, then it is equivalent to adding 20,000 square kilometers of land each year. of! (Calculated according to the proportion of European car ownership in the 1980s)
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