According to the terms of the extension, TCDD, in turn, will continue to finance the overspending of the railway operator TCDD Taşımacılık until the end of 2033, as reported by the railway portal Railway Supply.

TCDD

TCDD Taşımacılık was separated from TCDD in 2016 and began operating as a separate company in 2017.

The first Class 720 Aventra trains for c2c have commenced passenger service

The Turkish National Treasury will continue to finance the budget deficit resulting from the actions of the state railway infrastructure operator TCDD for the next 10 years until the end of 2033, as per the presidential decree.

The existing overspending agreement with TCDD had expired at the end of this year.

According to the terms of the extension, TCDD, in turn, will continue to finance the overspending of the railway operator TCDD Taşımacılık until the end of 2033.

As of the end of last year, TCDD’s debts amounted to 5.728 billion Turkish lira, which had risen to 7.168 billion Turkish lira by June 30 this year.

According to media reports, around 3 billion Turkish lira represents interest payments on overdue debts.

Both TCDD and TCDD Taşımacılık have substantial investment programs funded directly from the national investment budget.

TCDD’s budget for 2023 totals 381.72 billion Turkish lira, of which 376.4 billion Turkish lira is allocated to ongoing infrastructure expansion and modernization projects, including the development of new high-speed lines. An additional 4.37 billion Turkish lira is allocated to new projects commencing in 2023, and 970 million Turkish lira for studies on future projects.

TCDD Taşımacılık’s budget for 2023 totals 44.97 billion Turkish lira, of which 21.87 billion Turkish lira is designated for the purchase of 56 electric trainsets from the state manufacturer Turasaş.

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