TAIPED says sell-off target is ‘conservative’

By Vangelis Mandravelis

The target set for privatization revenues this year is achievable and even conservative under certain conditions, the managing director of state sell-off fund TAIPED, Yiannis Emiris, said after confirming that the latest agreement between the government and its creditors has revised the target from 2.8 billion euros (as revised in end-2013) to just 1.5 billion. The original target for 2014 had been 3.56 billion.

The year’s projected revenues include 260 million euros from the completion of the sale of 28 real estate assets, while a similar amount is also expected to come in from the securitization of properties. The rest is expected from the privatization projects that are already under way, such as railway companies Trainose and Rosco, Thessaloniki Water Company, horse race betting and regional airports.

The target for 2015 has been set at 2.3 billion euros, some 300 million of which will come from the Elliniko project as a down payment by the consortium led by Lamda Development. The rest is anticipated from the port authorities of Piraeus and Thessaloniki, the Athens Water Company, etc.