Gov’t paves way for Train­ose sale

Kathimerini English - - I N T E Rv I E W - VANGELIS MANDRAVELIS

In its om­nibus bill con­tain­ing the Oc­to­ber prior ac­tions re­quired for Greece’s bailout pay­ments to be re­leased, the gov­ern­ment has in­cluded a se­ries of reg­u­la­tions aimed at fa­cil­i­tat­ing the pri­va­ti­za­tion of rail ser­vices com­pany Train­ose, in which a US com­pany has ex­pressed an in­ter­est.

Train­ose will re­ceive an an­nual sub­sidy of 50 mil­lion eu­ros for the pe­riod from 2015 to 2020 – i.e. a to­tal of 300 mil­lion – for the sup­ply of a public ser­vice by op­er­at­ing un­pop­u­lar rail routes. There is also a pro­vi­sion for writ­ing off Train­ose’s and rail­way car­riage com­pany Rosco’s debts to the state via par­ent com­pany Hel­lenic Rail­ways Or­ga­ni­za­tion (OSE) once the pri­va­ti­za­tion is com­plete – with the con­sent of the Euro­pean Com­mis­sion.

The gov­ern­ment wants to clear Train­ose’s past debts so that it can be de­liv­ered to the cho­sen bid­der un­bur­dened. Now state sell-off fund TAIPED is await­ing the sub­mis­sion of bids, with the dead­line set for De­cem­ber 3. Rus­sian Rail­ways has al­ready ex­pressed an in­ter­est, while Ro­ma­nia’s GFR will also bid for Train­ose in co­op­er­a­tion with US com­pany Watco. The in­ter­est orig­i­nally ex­pressed by the French rail­way firm SNCF has been with­drawn.

Rus­sian Rail­ways, and Ro­ma­nia’s GFR along with US firm Watco are in­ter­ested in Train­ose.

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