Vol 5 Chapter 57: Public welfare operation

Only two days have passed, and news of the Bulgarian million-kilometre road bidding conference's failure has spread throughout the world, and many news newspapers use the "century fare" to describe the Bulgarian government.
The five companies including the previous registration and then giving up were exposed. Of course, the consortium behind was still in a diving state, and the media still knew who could not mess with it.
For unknown reasons, these companies have announced their budgets for the cost of construction projects, and no doubt there is no one below 100 billion levs.
For example: The London Daily commented on the table that Bulgarian government officials failed the math and only took 50% of the exams when reading, so the final cost was also 50% off!
The Sunshine report comments that the Bulgarian government has been flooded with bureaucracy and has derailed society!
The Paris Morning Report commented that this is a farce in the new era, and the officials of the Bulgarian government have not yet woken up. They have become maddened and disregarded for their achievements!
...
Foreign newspapers scolded, and domestic newspapers didn't have any good words, but everyone will converge a lot, just catch the Ministry of Communications for accountability and ask them to explain.
Beshill did not disappoint everyone, and published an apology letter directly in the Bulgarian Daily, announcing the main reasons for the huge cost budget gap.
The government budget does not consider the time cost of funds, and this road construction plan is expected to take decades to achieve profit. Considering the time cost of funds, the final investment will be very different!
As for the secondary reasons, I will take them one by one and mention them a little bit. Anyway, we still have basic knowledge.
At present, the average profit rate in Bulgarian society remains at a relatively high level of 20%. If the time cost of funds is estimated on this basis, this project will undoubtedly lose money to the family!
Even if bank interest is used as the time cost of capital, it is an astronomical figure. The public probably figured out why the cost gap between government and business accounting is so large!
The government investment itself does not consider funds. This time it suddenly became a corporate investment. Everyone's thinking has not been 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 we figured it out, everyone chose to handle it carefully.
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 the gas station, it also allows capitalists to add 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 for business within two hundred meters from the gas station and within five hundred meters.
These commercial facilities will also receive government tax-free support before road projects become profitable.
Do not look at the increase in a large number of preferential conditions. In fact, the number of bidders who come to apply 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 began again, Bulgarian Highway Construction Group and Bulgarian Road Group announced their merger to form a Bulgarian Infrastructure Investment Group. The two parties will jointly operate this project!
This news is not a trivial matter for many people, does it mean that this is a huge pit project? Why are there people jumping?
And this kind of merger in the bidding project is also a violation of Bulgaria's bidding law and has already constituted a crime. Now, with such a grand and bright announcement, isn't it to death?
The mystery was soon revealed, and the negotiations began again on January 11, 1922. Beshill said at the beginning, "Today I want to announce an important news. Before I again, I apologize to all Bulgarians 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 mistake has caused them serious economic losses. All bidders can apply for government administrative error claims later.
After the government has recalculated the cost of the one-million-kilometre road plan, the total investment has now exceeded 120 billion levs. There is no possibility of profit in this project!
Members of the media in the society, accusing our officials of the Ministry of Transport of not considering the consequences for political performance, I do not agree with this view. Since 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 to a non-profit investment project to gather the strength of our entire Bulgarian society to implement this great strategy!
So now you do n’t have to question why the two bidders merged together. To run this project, it is only possible to complete the project if you are united.
So today's bidding conference can already be announced in advance, 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 us implement this project, Mr. Howell, President of Bulgaria Infrastructure Investment Group, let me say a few words! "
Just now, the media are frying pans. What kind of operation? Who is willing to invest heavily in a public welfare project without pursuing returns?
Soon, Howell, the new president of the newly established Bulgarian Infrastructure Investment Group, took to the podium. He gracefully took the microphone from Beshir and said, "Just now Mr. Bessier has explained the situation, I repeat here again.
Because the investment of this project is too large, the return rate is too low, and even the cost may not be recovered, so commercial operation is no longer possible.
Any successful business must have a sense of social responsibility. This is the traditional virtue of our Bulgaria, and our generation must also inherit it!
I have also stood up because of this. The importance of this project to Bulgaria is unquestionable. Once the major road plan is completed, the entire Eurasia 6 in Bulgaria will be closely linked, and people's travel will also become More convenient, the cost of commercial logistics will be greatly reduced ...
With so many effects, the times do not allow us to give up this project!
Although this project is not profitable, our company still intends to continue it. Thanks to the shareholders who supported me behind me. Without their support, my president has no 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 complete this impossible feat!
As the president of the company, I will now start to raise funds from the society. Let me state first: I hereby guarantee that this project will never be profitable. I cannot guarantee your return on 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, such as: planting trees, planting grass, or planting grass!
In short, I will not use it to give you dividends. Don't expect this project to make money. Even your principal will be squandered by my incompetent president! "
Howell's domineering declaration thundered everyone again! Many people are wondering, is he specifically to tear down the channel?
Having said that, will anyone continue to invest? This is 120 million levs. Where can I go to fiddle with so many fools to send money?
Soon thunderous applause rang out on the court. There was no doubt that this was the Bulgarian side applauding, and overseas reporters were stunned watching all this.
They looked at Howell on the stage with pity. Once the project operation failed, his spirited president would not be invited to eat peanuts?
After a moment of effort, the crowd eased from the news, and a reporter from the New York Times asked: "Mr. Howell, where did you come from to complete the self-signalling plan? You know this is more than 120 billion levs This is equivalent to more than half of Bulgaria's gross national product last year. Who will provide you with this money? "
Howell replied unchanged: "The people of Bulgaria have given me this confidence. With their support, it is not difficult to complete this plan within ten years!"
A reporter from the Bulgarian Daily also asked: "Mr. Howell, I believe that the people of Bulgaria will support this plan. In fact, I also support this plan.
But what about funds? As far as I know, the Bulgarian people are not so rich, with more than 120 billion levs, even if they are shared per capita, they are 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 want to take out this money, maybe they will have all their income in this decade!
You wouldn't let the Bulgarian people run out of pockets to support this project, right? "
Howell replied with a smile: "Of course not, have you heard the words of His Majesty the King-‘ 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 continued to explain: "That being the case, you understand our source of funds. In fact, all shareholders within our company have raised 10 billion levs.
In addition, we also intend 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 they also promise to give us the best loan interest rate.
Of course, the interest rate of the bond is very low this time. 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 does not expire, you can exchange the principal in the bank in advance. Same as national debt! "
A reporter from Bulgaria Daily asked in amazement: "Oh, is this true? So it is not a problem to fund our project?"
Howell joked: "Of course it is true. Without so much good news, I would not have the courage to run this project!
You know once this project fails. Bulgarians can't spare me, I don't want to be sap in the street! "
...
Although it is not regarded as a joke by the Bulgarian government, the media are still satisfied. Today's news is really shocking. Who can think of the investment of more than 120 billion levs, it is necessary to conduct charity? Operation?
Even more incredible is that there are still capitalists willing to invest in it?
The concept of corporate social responsibility is not new anymore. Everyone knows that this is the originality of Bulgaria!
It may be the soil and water relationship. Once you leave Bulgaria, the corporate social responsibility will disappear!
As for the reason behind this scene, everyone is too lazy to study it. It is not enough to just make up for it. Anyway, they are not Bulgarian newspapers, and they are not responsible for authenticity!
If they really find the reason, they will not dare to publish it, the capitalists of this era will not be provoked!
Asking people to eat peanuts is just a small problem. If you are in a hurry, you will also ask someone to make a dirt plane. But the young and old are going to heaven together!
There is no doubt that this non-profit operation is naturally the original creation of Ferdinand. As for the source of funds, it naturally depends on bank loans.
Although the total investment is as high as more than 120 billion levs, it is actually shared, which is 12 billion levs each year, and this is still an inflated cost.
Just as Howell announced that the shareholders of the company invested 10 billion levs, can Ferdinand really not get 10 billion out?
After being divided into ten years, there will be one billion levs every year. The profit he gained through this project is not only one billion levs every year?
The raw materials were laid out in advance. How come this project has a profit of 18 billion yuan? If the relevant upstream companies and bank loan profits are calculated again, this figure will be even greater.
As for why we should change to public welfare operations and give up huge profits in the future? Ferdinand is also very helpless, he is afraid of being exposed!
You have to know that this kind of monopolistic company is the most hateful one. When the future of automobiles becomes popular and the price of oil is high, can these people not scold the company?
Driven by curiosity, there will always be people who check the inside information of this company. In the event that someone appears behind the scenes, the black hand is actually the royal family, so what?
Once it is changed to non-profit operation ~ EbookFREE.me ~, it will be different. In the future, even if this company makes more money, the public will have no opinion. Car exhaust pollutes the environment and charges you a part of your oil money for planting trees and greening the earth. Is this a problem?
Although a lot of profits are lost in this area, the profits of other industries are still ah. As a monopoly of more than half of the world's oil suppliers, Ferdinand is not short of money.
Besides, there are so many deserts in Bulgaria. Even if the average car costs more fuel per year, only 100 saplings can be planted. Based on 20 million cars in Bulgaria in 20 years, that is one billion. Trees are also reduced by two thousand square kilometers of desert each year.
Over time, it is not a small number. If the population of Bulgaria reaches 200 million and the number of vehicles increases to 100 million in the future, it is equivalent to an increase of 20,000 square kilometers of land every year. of! (Calculated as a percentage of European car ownership in the 1980s)
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