Greece seeks bidders for sale of its railroad infrastructure by early 2014

greece-railroad-april-2013

http://www.ibtimes.com/greece-auction-block-country-seeks-bidders-sale-its-railroad-infrastructure-early-2014-1163849

The Greek government has been trying in recent years to sell everything short of its historic Parthenon in an attempt to climb itself out a massive debt hole.

Now, facing mounting pressure from international lenders to speed up its national yard sale, the government has announced it would begin the tender to sell the Hellenic Railways Organization, known by its Greek acronym OSE, by the end of the second quarter.

Development Minister Costis Hatzidakis and Yiannis Emiris, managing director of Greece’s privatization fund, Hellenic Republic Asset Development Fund (HRADF), said the government would like to see an investor by the start of 2014 if not sooner, according to the Greek news site ekathimerini.com.

The county had considered last year breaking up its rail assets and selling them separately after Russian, Romanian and French entities declared interests in all or part of the network, according to Reuters.

The OSE owns and maintains the country’s rail infrastructure except for the Athens rapid transit lines. It consists of about 500 freight and passenger routes on 2,500 kilometers (1,553 miles) of railways. The country also considered following Britain’s privatization strategy of breaking up the network into a series of slots, but now it seems the country is seeking one bidder for the whole shebang.

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the sales continue..the kitchen sink will be next..this is austerity..coming to a country near you real soon..

who will be buying it?

401

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~ by seeker401 on April 6, 2013.

6 Responses to “Greece seeks bidders for sale of its railroad infrastructure by early 2014”

  1. Looks like the only bidder is standing on the tracks.

  2. […] Greece seeks bidders for sale of its railroad infrastructure by early … "It has to start somewhere. It has to start sometime. What better place than here? What better time than now?" […]

  3. Some interesting reading relating to Greece:

    http://www.zerohedge.com/news/2013-04-08/guest-post-real-cyprus-template-one-youre-not-supposed-notice

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