Romania to sell 51% of freight railway company in six months.

By bne IntelliNews January 23, 2013
The privatisation of Romania's state-owned freight railway company CFR Marfa is the transport ministry's top priority in the coming months, minister Daniel Fenechiu announced after talks with IMF experts as quoted by daily Adevarul. The state will sell 51% of CFR Marfa within six months. Until earlier this week, Fenechiu advocated strongly against the privatisation. Most European states control their own freight railway companies, he commented on the privatisation decision - which he implied was pushed forward by the IMF. Nonetheless, he admitted that the company's financial situation requires strong financial resources and therefore a private partner. The government has not decided yet on the privatisation of passenger railway company CFR Pasageri, Fenechiu added. Also in the transport sector, Romania will sell 20% of its flagship carrier Tarom within six months, he confirmed.

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