Gov’t approves TAIPED sell-off project catalog

Gov’t approves TAIPED sell-off project catalog

State sell-off fund TAIPED’s privatizations program, known as the Asset Development Plan, was on Tuesday approved by the government with practically no changes.

The creditors had demanded the approval of the sell-off program, as revised by the TAIPED governing board meeting on April 26. They insisted on its approval and publication in the Government Gazette to banish any confusion generated in last September’s elections, when cabinet members spoke of just nine privatization projects against the 23 projects in the plan approved in August by Parliament.

Although TAIPED will not announce the contents of the new Asset Development Plan, forwarding questions all to the government and the Gazette, sources familiar with the talks say that it involves all “realistic privatization projects that were also included in the plan of last summer,” as one source put it.

TAIPED has set its revenues target at 5.8 billion euros by 2018.

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