1/13/2011

New law to end state monopoly on rail transportation

Zaman – Turkey’s state-owned rail network may soon be available to private sector investments, thanks to the combined efforts of the Ministry of Transportation and the Turkish State Railways (TCDD).
To be added to a series of draft laws awaiting the approval of the Turkish parliament, the law regarding the use of Turkey’s 11,000 km-long railway by the private sector grants private companies the right to transport passengers and cargo by rail, even operating high-speed trains.
According to the soon-to-be-proposed law, the Ministry of Transportation will oversee the regulations that the private sector will adhere to, including licensing and adjustment of fees. Turkey plans to add some 15,000 km of track to its existing network by 2023.
/Style%20Library/Invest/images/news.png
turkey; turkish state railways; tcdd; turkish rail network; rail transportation