Arab Today, arab today greece to launch rail sale in june
Last Updated : GMT 16:22:08
Arab Today, arab today
Arab Today, arab today

Greece to launch rail sale in June

Arab Today, arab today

Arab Today, arab today Greece to launch rail sale in June

Athens - AFP

Greece will in June launch a tender to privatise the national rail operator Trainose, officials said on Monday, with the aim of finding a buyer by early 2014 to keep international credits flowing. "The privatisation of Trainose is now on track," Development Minister Costis Hatzidakis said in a statement. "The procedure will begin in June...and in a short space of time we will have a very different landscape in Greek railways," he added. Yiannis Emiris, managing director of state privatisation agency HRADF, said the sale should be completed "by the end of the year, or the start of next year at the latest." According to the Greek government, Chinese and French companies are interested in the tender. To make the sale possible, authorities broke up Trainose's parent company, OSE, which in 2011 owed more than 10 billion euros ($12.8 billion), axed train services and shifted excess staff to other state organisations. The restructuring began in 2008 and Trainose only turned a profit last year, the development ministry said. Another company that inherited rail maintenance duties from OSE, Rosco, is also to be sold off. Tenders for "Rosco and Trainose must run in parallel," Emiris said. Under the terms of its multi-billion EU-IMF bailout, Greece must raise 2.6 billion euros through asset sales this year. International creditors this week will resume an audit of reforms, including privatisations, that are needed to unlock the next distribution of loan funds. Last month the Greek government appointed its third privatisation chief in a less than year as it struggled to reach privatisation targets. Greece had originally pledged to raise 50 billion euros through the sale or lease of state assets by 2015. This was later scaled down to 19 billion, and in October the government said it expected to raise just 9.5 billion euros by 2016.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greece to launch rail sale in june Arab Today, arab today greece to launch rail sale in june

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greece to launch rail sale in june Arab Today, arab today greece to launch rail sale in june

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday