Govt announces nationalization of loss-making Thessaloniki bus system

7 July 2017
1432 Views

Amid a wave of memorandum-mandated privatizations in still bailout-dependent Greece one entity in the country is apparently passing into state control: the urban bus system in the northern metropolis of Thessaloniki.

A relevant announcement was made on Thursday by the relevant transport minister, Christos Spirtzis, whose election district is also in Thessaloniki.

In an announcement, the government referred to a “transitional phase by the end of 2019, at the latest”, a provision listed in a draft bill.

In place of the current privately owned system, called the Thessaloniki Urban Transport Organisation (OASTh), Spirtzis said two new entities will be created, one to operate the fleet of buses operating around metropolitan Thessaloniki – and the metro system, when it is completed – and another that will act as a regulatory body for all mass transit systems in greater Thessaloniki.

“OASTh will assume a public character, in other words, it will be ‘de-privatized’ from a state-dependent (subsidies) monopoly going back 60 years,” Spirtzis said.

You may be interested

Signatures for Line 4 of the Metro – Mitsotakis: The country is turning the page (videos)
GREECE
shares13 views
GREECE
shares13 views

Signatures for Line 4 of the Metro – Mitsotakis: The country is turning the page (videos)

makis - Jun 22, 2021

The signatures for the biggest construction project that is taking place after Attiki Odos, fell tonight in Galatsi, where in…

Greece: Intelligence Services arrest 3 Turks with fake Interpol IDs trafficking illegal immigrants to Europe
DEFENCE
shares21 views
DEFENCE
shares21 views

Greece: Intelligence Services arrest 3 Turks with fake Interpol IDs trafficking illegal immigrants to Europe

Panos - Jun 22, 2021

They were moving around in the center of Athens with Interpol IDs. They spoke five languages, had thousands of euros…

Greece: A single-engine plane crashed in the village of Charia in Ilia – Two dead
GREECE
shares16 views
GREECE
shares16 views

Greece: A single-engine plane crashed in the village of Charia in Ilia – Two dead

Panos - Jun 22, 2021

A tragic accident took place in Haria in Ilia on Monday afternoon, when a private plane that had taken off…

Leave a Comment

Your email address will not be published.