European Commission OKs TRAINOSE Privatisation
Thursday, 01 January 1970
The European Commission has given the green light to the sale of trains operator TRAINOSE, the Athens News Agency reported.
"The European Commission's approval of the start of TRAINOSE's privatisation opens up a new chapter, not just for the history of rail transport but also for the investment sector in our country,".
Transport Minister Mihalis Chrysohoidis said, as quoted by the news agency, upon receiving a letter from European Commission Vice-President Joaquin Almunia.
Almunia said that TRAINOSE's restructuring and privatisation would free the company from the issue of state subsidies and ensure its survival, with significant benefits for both passenger and goods traffic.
According to unnamed sources, there is strong interest in the privatisation process for the Greek railway network, with potential investors including private companies and the state railway companies of Russia, China, France, Romania and two U.S. companies.