PA Rejects the Sale of Highways and Announces the Revenue-Oriented Model

In its statement, the Privatization Administration (ÖİB) put an end to the speculations regarding privatizations. He stated that the work on highways and bridges operated by the General Directorate of Highways (KGM) and included in the scope and program of privatization is not aimed at the sale of public assets, but rather at the evaluation of a model based on the transfer of operating rights for a certain period of time, provided that the ownership remains with the state. In the statement, it was stated that the technical, legal and financial preparation works for the highways and bridges operated by the General Directorate of Highways and included in the privatization scope and program are carried out in coordination with the relevant institutions, in accordance with the legislation and in a transparent manner.

EMPHASIS ON INCOME, NOT PROFIT

"These preparatory studies are aimed at evaluating a model based on the transfer of operating rights, provided that the ownership remains with the state, rather than the sale of public assets," the statement said, adding the following information: "In this model, the priority is not to generate income, but to improve the quality of service on highways, accelerate maintenance and investments, and increase operational efficiency. On the other hand, incomplete and misleading evaluations are made in the public opinion that the highways make an annual profit of 600 million dollars and the total profit for 30 years has reached 18 billion dollars. However, 600 million dollars are made." "The dollar is not profit, but revenue. Approximately 300 million dollars of this amount is allocated to maintenance and repair expenses. There are also significant investment and renewal expenses, as well as personnel and operating expenses. Calculations made by ignoring all these costs do not reflect the real economic value of the highways and mislead the public."