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Turkey Plans to Drop State Monopoly on Railroads, Sabah Reports

May 28 (Bloomberg) -- Turkey’s government is drafting a proposal that would drop the state’s monopoly on railroads, Sabah cited Transportation Minister Binali Yildirim as saying.

The revisions will enable investors to build new rail lines and purchase licenses to run existing parts of the network, Yildirim told reporters in Milan, according to the Istanbul-based newspaper.

To contact the reporter on this story: Emre Peker in Ankara at epeker2@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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