Transport Min. Reveals Truth behind Selling Electric Train

The Ministry of Transport issued a statement regarding what was circulated on a number of social media platforms and websites regarding the Ministry of Transport's intention to sell some of the assets of the light electric train and the electric express train to pay off the implementation loans.

With regard to railways and metros, cooperation takes place in the field of management and operation under the usufruct system, provided that the operator bears all operating expenses and depreciation in return for a percentage of the profits to the Railways Authority. The railway, metro or electric traction facilities (electric fast train network - subway - light electric train LRT - monorail) were not offered to sell their shares.

The ministry affirmed that all that was reported about the tendency to sell some of the assets of the light electric train and the electric express train to pay off the implementation loans is completely unfounded and the Ministry of Transport did not intend to sell any of the assets to pay off the loans for the implementation of its projects, as all projects are carried out according to detailed feasibility studies and financing plans that were scheduled in coordination with all concerned authorities in the country.