Privatization of the historic Haydarpaşa Train Terminal – İstanbul/ Turkey

Privatization of the historic Haydarpaşa Train Terminal :Turkey’s Minister of Finance, Mr. Mehmet Şimşek announced that once development studies are completed the privatization of the Haydarpaşa Train Terminal will be included in the privatization program.

Minister Mehmet Şimşek stated that privatization programs in 2013 brought an income of 12.5 billion dollars for the Government and continued “we expect to achieve a 7 billion dollar income this year. The Haydarpaşa Train Terminal and Seaport Transformation Project will be included in the program, once the related development studies are completed. We expect a considerably high level of interest”.

Mr. Şimşek has explained that important meetings are being held locally and abroad for advertisement of Turkey and indicated that he will be on a five day trip to meet with Gulf Funds and International investors and continued stating that “the meetings we plan to hold with Qatar, Kuwait and United Arab Emirates will increase the interest in privatization”.

Mr. Şimşek informed that the money earned from privatization up to now has reached a total of 58.3 billion dollars and the money allocated to related entities has reached 40.7 billion dollars. He also stated that:

“In privatizations, correct timing, correct pricing and open competition has increased the demand and thus eventually the price. In privatization, besides companies, assets and concessions, we are also working on new privatization projects like spor-toto (a football pool in Turkey) and horse races, for which currently works are ongoing on regulations in preparation for privatization. Also privatization of IGDAS, which is currently the only public owned natural gas distribution company, will be in our agenda in the near future. On the other hand the Haydarpaşa Train Terminal and Seaport Conversion Project will be included in the privatization project, once the related development studies are completed and will be one of the most attractive privatization projects.”

Haydarpasa Train Terminal

We, Net Translation Services Limited, are in your disposal with our experienced translator team of 35 persons specialized in Rail Systems Terminology in English, German, Russian, French languages Please visit website: Nettercume.com.tr for our references.

66 / 1.694