TCDD leads the investment

TCDD leads the investment: SEEs are expected to invest 11 billion 994 million 427 thousand TL next year. TCDD will make the highest investment with 5,3 billion liras.

The decision of the Council of Ministers on the Determination of the General Investment and Financing Program for the Year of 2016 of the SOE and its Subsidiaries was published in the Official Gazette.

Accordingly, public enterprises will take measures to increase efficiency and profitability in all operational activities.

An effective human resources policy will be pursued, in this context, all personnel will be rationally distributed in the public enterprise taking into account the necessities and needs, and if available, the idle personnel will be shifted to other service units with shortage of staff.

TCDD will make the highest investment

Within the framework of the decision, the financial targets of the SEE and its subsidiaries for the year of 2016 were also determined.

In this context, in addition to the SOE and its subsidiaries, the total 26 company, which is publicly owned more than half of the capital, is expected to invest an additional 11 billion 994 million 427 thousand liras in the next year.

Highest billion investment 5 309 844 million is expected to make the TCDD with a thousand pounds, with the establishment of 2 500 million billion pounds Turkey Electricity Transmission Co. (TEIAS) followed.

The lowest investment 2 400 thousand million pounds Turkey Electricity Trading and Contracting Co. (TETAS) will do.

Armin

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