Liberalization of Railways

Liberalization of Railways: The duty loss application in the railways will end after 1 year after the transfer process between TCDD Taşımacılık AŞ and TCDD is completed and registered to the company trade registry.

The duty loss application on the railways will end after 1 year after the transfer process between TCDD Taşımacılık AŞ and TCDD is completed and registered to the company trade registry.

Council of Ministers, "the Republic of Turkey General Directorate of State Railways Administration Task dated 26/4/2011 Decision on Granting Amending the Annex to Decision", published in today's issue of the Official Gazette came into force.

Accordingly, decisions within the scope of assignments and duties of loss application, Turkey Railway Transport of which will be established in the Liberalization of the status of the subsidiaries of TCDD in accordance with the Law on TCDD Transport Inc. on the date of completion of TCDD between the transfer and since signing up to the company's trade registration will expire at the end of 1 year. The date of completion of the transfer process will be notified by the Ministry of Transport, Maritime Affairs and Communications to the Undersecretariat of Treasury in an official letter.

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