Foreign bidders circle Turkish rail
22 August 2012
A number of bidders have been linked to Turkey’s rail privatisation plan, before it gains government approval later this year.
Foreign companies including Deutsche Bahn, Schenker Arkas and Rail Cargo alongside local firms have conveyed interest in the plan, as government expects to pass a draft bill, permitting private investment in new lines and carriages, before the end of the year.
Turkey’s Railway Transport Association (RTA) plans to add approximately 15,000km of track to its existing network by 2023 and orders to design and construct more train compartments are on the rise, as the country faces a railroad boom, according to the RTA’s Ibrahim Oz.
Oz said: "Some companies are considering manufacturing in Turkey while some are considering entering railroad transportation sector via acquisitions".
