The tragic death of 122 passengers of the river boat "Bulgaria" on Volga river will inevitably lead to some changes in government regulation of river passenger transport industry. A number of operators will most likely leave the market, others will make additional investment to meet the new requirements of security and service quality. Russian Prime Minister Vladimir Putin has supported a number of proposals by the Transport Ministry, which would increase the requirements for shipping companies and tighten state control over their activities.
2011 July 29
“Bulgaria” boat disaster to change the industry
The tragic death of 122 passengers of the river boat "Bulgaria" on Volga river will inevitably lead to some changes in government regulation of river passenger transport industry. A number of operators will most likely leave the market, others will make additional investment to meet the new requirements of security and service quality. Russian Prime Minister Vladimir Putin has supported a number of proposals by the Transport Ministry, which would increase the requirements for shipping companies and tighten state control over their activities.