Balgarianovinite.com The National Railway Infrastructure Company (NRIC) of Bulgaria and the International Bank for Reconstruction and Development (IBRD) signed a Reimbursable Advisory Services (RAS) Agreement aimed at strengthening the financial sustainability, operational efficiency and governance of the country’s railway infrastructure on Tuesday, the World Bank said on its website.
The agreement is described as an important step towards modernizing the railway sector and supporting Bulgaria’s broader economic and employment objectives.
Under the agreement, the World Bank will provide non-lending advisory support to NRIC, sharing international best practices in railway governance and financial sustainability and advising on workforce modernization, including skills optimization, reskilling and upskilling programmes. The aim is to align the company more closely with current and future needs and to help achieve long-term financial stability for NRIC.
“Modern, efficient and well-governed railway infrastructure is essential for Bulgaria’s economic growth and competitiveness. Through this partnership, the World Bank is committed to supporting NRIC in adopting international best practices, strengthening financial sustainability and modernizing its workforce. These efforts will not only improve service quality and operational performance but will also contribute directly to Bulgaria’s jobs agenda by fostering new skills, supporting workforce transitions and creating opportunities for sustainable employment in the rail sector,” World Bank Group Country Manager for Bulgaria Jason Brett Pellmar said.
The World Bank’s Reimbursable Advisory Services are non-lending advisory programmes under which the institution provides technical advice, analytical services and implementation support to clients, mainly in middle- and high-income countries, with the client reimbursing the Bank’s costs for these services. RAS programmes offer valuable assistance in the design, planning and implementation of complex reforms. They are flexible and tailored to each country’s specific needs and can include policy advice, analytical and diagnostic work, donor coordination, impact evaluation, implementation support, training, knowledge sharing and peer learning.
The World Bank’s Reimbursable Advisory Services (RAS) are advisory programmes under which the financial institution provides technical advice, analytical services and policy implementation support to clients, mainly in middle- and high-income countries, with the client reimbursing the Bank’s costs for these services. Reimbursable Advisory Services offer valuable assistance in the design, planning and implementation of complex reforms. They are flexible and tailored to each country’s specific needs, and can include policy advice, research and diagnostic work, donor coordination, impact assessment, implementation support, training, knowledge sharing and joint learning.
On 26 November 2025 the Council of Ministers approved a draft Consulting Services Agreement between the National Railway Infrastructure Company (NRIC) and the International Bank for Reconstruction and Development. The project is explicitly described as aiming to improve the efficiency of Bulgaria’s railway sector and is to be financed under the Transport Connectivity Programme 2021–2027. The RAS agreement with the World Bank is part of a wider programme to reform NRIC, align Bulgarian rail infrastructure with EU standards, and secure EU-funded investments under the Transport Connectivity Programme. World Bank to Advise Bulgaria’s Rail Infrastructure Company under New Agreement 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-12-09 17:01:07 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
