'Treasury' Fund for TCDD!

tcddye
tcddye

According to the law proposal adopted at the General Assembly of the Parliament, the investments of the General Directorate of TCDD will be financed by capital transfer from the budget of the Ministry of Treasury and Finance.

It was enacted by adopting the Law Proposal for the Amendment of Tax Laws and Some Laws and Decrees in the General Assembly of the Turkish Grand National Assembly.

There is also an important article about TCDD in the law proposal, which includes many economically important items. Accordingly, TCDD General Directorate investments will be financed through capital transfer from the budget of the Ministry of Treasury and Finance.

THE DAMAGE WAS GROWING EVERY DAY
The recent accident on the agenda of the Republic of Turkey State Railways (TCDD) losses are growing every year. According to the audit report of the Court of Accounts, TCDD, which closed 2017 with a loss of 2 billion Turkish lira, exceeded 18 billion Turkish lira with the previous years.

The TCA auditors have warned the TCDD management for long years that it should focus on the modernization of conventional lines as well as the high-speed train projects, and emphasizes that the investments should be completed at the most appropriate cost and on time.

The financial burden on TCDD, which is forced to operate at high costs, is increasing day by day.

LARGE DISCUSSION IN THE NUMBER OF PERSONNEL
Due to the loss of years, the institution that cannot create internal resources meets the resource needs continuously by the capital increases made by the Treasury and the revolving / guaranteed foreign loans.

TCDD, which is the State Economic Enterprise (SOE) allocating the most resources, used 3.6 billion in the investment program, 2016 billion in the 4.4 and 2017 in the 5.8. At 16 thousand contracted, 36 thousand permanent workers are working. (the Yeniçağgazete)

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