Privatization Administration Statement on KGM Highways and Bridges
The Privatization Administration stated regarding the privatization of highways and bridges that ownership will remain with the state and the aim is to increase service quality.
The Privatization Administration issued a statement regarding the inclusion of certain highways and bridges belonging to the General Directorate of Highways within the scope of privatization, announcing that the main objective is to raise service quality.
Official Gazette Decision
A Presidential Decree was published regarding the inclusion of three highways, connection roads, and related facilities under the responsibility of the General Directorate of Highways within the scope of privatization.
Preparatory Work
In a statement made on the website of the Privatization Administration, it was stated that technical, legal, and financial preparation studies are being carried out in coordination with the relevant institutions.
Transfer of Operating Rights
It was noted that the routine preparation works cover a model based not on the sale of public assets, but on the transfer of operating rights for a certain period, provided that ownership remains with the state.
Emphasis on Service Quality
It was recorded that the priority is not to generate revenue, but to raise service quality on the highways, accelerate maintenance and investments, and increase operational efficiency.
Profit Assessments
It was conveyed that claims in public opinion that the highways make an annual profit of 600 million dollars are incomplete and misleading, that this amount constitutes revenue, and that half of it is allocated to expenses.