Memorandum brings forward selloff projects
The new draft of the memorandum of understanding between Athens and its creditors is speeding up planned privatizations by an average of three to six months, depending on the project.
The selloffs of train service operator TRAINOSE, Hellenic Post, horse racing organization ODIE, Athens International Airport and others are expected to begin one or two quarters earlier than the previous draft provided for.
The November 27 draft now provides for the postal company’s privatization to start in the first quarter of 2013, instead of the second, while the start of the process for the sale of TRAINOSE is brought forward from Q4 to Q2 of next year.
The procedure for the sale of ports and regional airports has been accelerated by three months, while the restart of the privatization of Athens airport is to take place six months earlier.
The only exception is the privatization of Egnatia Odos, the highway that runs across northern Greece, which has been postponed from the first to the second quarter of next year.
