1/7/2009

More privatizations planned as crisis fades

Hurriyet English - The Turkish government may move to privatize more public ventures once the effects of the global financial crisis start to fade in 2009, Metin Kilci, chairman of the Privatization Administration said on Monday. "As the dust begins to settle and the effects of the crisis fades, new public institutions will be included in the privatization portfolio" Kilci was quoted as saying by the Anatolian Agency. Kilci said the country's state-run Turkish Pipeline Corporation (BOTAS), Mechanical and Chemical Industry Corporation (MKE), which manufactures and supplies ammunition, rockets, explosives, powders and pyrotechnic products for the Turkish Armed Forces, and the Coal Mining Company (TKI), were on the list of future privatization projects. Kilci also said a total of USD 4.1 billion in revenue is targeted for collection in 2009 as the handover and finalization process of the tenders conducted in 2008 complete.