Category: privatisation

Kazakhstan considering the privatisation of Kazakh Railways

Kazakhstan is considering the privatisation of Kazakh Railways (KTZ). The company is not doing well financially, which has led the transport ministry to discuss alternative structures. Moreover, infrastructure management will likely be removed from KTZ’s portfolio. Marat Karabayev, Kazakhstan’s transport minister, stated that officials are discussing a privatisation of KTZ. The Kazakh rail operator and…

Estonian Operail to be auctioned off and privatised

Operail, the Estonian state-owned rail freight operator, is for sale. On 6 June, the government approved the imminent privatisation of the company. It has struggled to maintain profitability following sanctions against Russia and Belarus. Operail is now being auctioned off completely. The Estonian climate ministry had made a proposal to that end, which the government…

French opposition leader calls for privatisation of SNCF

Following another day of disruptive strike action earlier this week over the payment of bonuses during the Paris Olympic and Paralympic Games this summer, the leader of one of France’s leading opposition political parties has called for the privatisation of SNCF. This initiative would, according to them, ensure more fair competition. In an interview with…

Operail Finland sale was 12 million euro “gift” to Finnish business

Estonia lost 12,3 million euros with the sale of the Finnish branch of Operail. Last year, it sold Operail Finland, the former name of the subsidiary, to Nurminen Logistics. Estonia sold the subsidiary at a price below its fair value, leading to allegations of a secret sale. As part of the privatisation of Operail, Estonia…

Privatisation of Ferrovie dello Stato: ‘RFI is the prime piece’

Italian Prime Minister Giorgia Meloni recently confirmed that the government is ready for the privatisation of the national railway holding Ferrovie dello Stato (FS Group). RailFreight.com had a chat with Dr. Andrea Giuricin, transport economist at the Milan-Bicocca Univesity, who pointed out that the most desirable asset of the group is infrastructure manager Rete Ferroviaria […]

The Italian government wants to privatise FS Group

The Italian Prime Minister Giorgia Meloni recently opened to the privatisation of the national railway holding Ferrovie dello Stato (FS Group). The initiative was brought forward because the government needs to find funds to finance the budget law for 2024. Currently, FS Group and all its subsidiaries are fully owned by the Italian government through […]