'Treasure' Fund to the TCDD

tcddye
tcddye

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

In the General Assembly of the Turkish Grand National Assembly, the Law on the Amendment of the Tax Laws and some Laws and Decree Laws was accepted and enacted.

TCDD is also an important item in the law proposal which contains many important items. Accordingly, TCDD General Directorate investments will be financed through the transfer of capital 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 2017 2 billion pounds of damages in the previous year TCDD'nin total balance sheet loss of 18 billion liras exceeded.

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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