TCDD is in debt

According to data from the Ministry of Finance, the debts of the State Economic Enterprises (EEE) are increasing day by day. While the EEAs have a total debt of 8.585 billion lira, of which 3.135 billion lira is overdue and 5.45 billion lira not yet due, only the Turkish Republic State Railways (TCDD) they have a debt of 7 billion 412 million lire. In the first seven months of this year, 21 billion 648 million lira was transferred from the budget to TCDD. TCDD’s debt to the Treasury in 2016 amounted to 1.6 billion lira. The Build-Operate-Transfer model was introduced. The operation of the Ankara high-speed train station, inaugurated on October 29, 2016, was ceded to the Cengiz-Kolin-Limak association for 20 years with a guarantee for passengers. The company also operates a section of the station of 50 thousand 644 square meters, which includes commercial areas, parking, hotel and offices. The revenue from all these areas will be owned by 3 companies for 20 years.

TCDD HAS BEEN A TENANT

The TCDD Passenger Office moved to the third floor of the train station and the TCDD Training Department moved to the fourth floor and TCDD became a tenant. In the 2016-2022 period, 40 million dollars were paid for passenger guarantees that were not maintained.

Endless YHT Credit

For the Ankara-İzmir High-Speed ​​Train (YHT) project, the foundation of which was laid in 2012 and the completion date announced in 2019 and then in 2020, a loan was requested. For the project, which has so far only been partially completed, a financial loan of TL 2.45 billion was obtained from the United Kingdom.