Treasure train: TCDD's giant projects 'Treasury guarantee' is coming.
According to the item added to the bag at the last minute, the ir Treasury guarantee ya comes for the external financing of 3.3 billion TL required for the giant projects of TCDD. To date, high-speed train projects, 5.3 billion pounds were funded by external loans.
1 billion dollars after the giant project on the Republic of Turkey State Railways (TCDD), these giant projects 'Treasury guarantee' is coming. According to the item added to the bag at the last minute, the external financing of 3.3 billion TL required for TCDD's investments will be covered by the Treasury as the financial structure of the TCDD is not suitable. This debt will not need to appear in the budget.
ONCE ONE OFFER
According to the regulation, external financing will be provided by TCDD from 2014 to 2018 through unrequited allocation by the Treasury. Istanbul-Ankara High Speed Train Line is one of the projects to be financed by the Treasury. The project is planned to use 8.8 billion liras foreign financing for the project, which has a total size of 7.5 billion liras. To date, about 6.3 billion pounds were spent for the high-speed train, while 5.3 billion pounds were financed by external loans. For the project in question, there is a need for an external loan of 2.2 billion pounds. This should be the 560 million pounds this year. For all projects carried out by TCDD, including the high-speed train, there is a need for an external loan of 9.1 billion liras. 5.8 billion pounds of this figure has been met to date; 3.3 continues to need a billion pounds loan.
TCDD, whose investments have been financed by the budget so far, will not be included in the budget with the new period. Former Treasury Deputy Undersecretary Hakan Özyıldız, “TCDD was used in the past, the Treasury guarantee. Now the Treasury will borrow, and this also ties up with the budget. This will be hidden in borrowing so much, Bu he said.
Despite everything, the foundation is taken
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