News (26)

View all >

World Bank may invest in Belarus’ railway sector

The World Bank is considering possible avenues of investment in Belarus’ railway industry, including via public private partnership mechanisms. “The plans were discussed as a group of World Bank specialists met with top officials of the National Agency of Investment and Privatization (NAIP) and representatives of the Economy Ministry, BelTA has learned. NAIP Acting Director Denis Meleshkin presented Belarus’ first public private partnership project. The project envisages the reconstruction of part of the M10 motorway. It has already been approved by the government. A tender to choose the private partner will be organized as the next step.”

Source: export.by

Despite decades of privatisation, support for public ownership in the UK is very high

Norwich South MP Clive Lewis has made the case for public ownership. “Despite decades of privatisation, support for public ownership in the UK is very high. Research commissioned by the Legatum Institute in 2017 revealed that 83% of the public support bringing water companies into public hands. It also found that over 70% of people support public ownership of railways, electricity and gas. A survey conducted by YouGov in 2017 found similarly high support for public ownership. Public opinion is firmly on the side of bringing services back into public hands. And with Labour now making the case for public ownership too, the tide is turning against the privateers.”

Source: The Canary

Cameroonian rail firm Camrail convicted over 2016 deadly train crash

The private operator of a rail line that had an accident killing 79 people and injuring 600 has been found guilty of involuntary manslaughter. “The packed train operated by Camrail, a unit of French industrial group Bollore, came off the tracks in the town of Eseka en route from the capital Yaoundé to the central African country’s port city of Douala.”

Cookie preferences

Like many other websites, we use Google Analytics to collect anonymous information about the surfing behavior of our users.