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Greece extends rail privatisation deadlines

23 Mar 2016

GREECE: The Hellenic Republic Asset Development Fund has extended the timetable for the submission of bids for 100% stakes in national train operator Trainose and rolling stock maintenance business EESSTY, also known as Rosco.

HRADF said three investors interested in Trainose had requested an extension to the March 21 deadline for the submission of expressions of interest.

An investor interested in EESSTY had requested an extension of the March 28 deadline for submitting binding offers, to give time for the completion of an agreement between the Greek government and international institutions, and for parliament to pass two critical bills covering tax and reform of social security and pensions.

The new deadline for submitting expressions of interest in Trainose is April 15, with binding offers to be submitted by May 31. The deadline for submitting binding offers for EESSTY is also May 31.