Estonia has completed the privatization of the railway company Operail.
State-owned enterprise AS Operail has sold its entire business, including its subsidiary Operail Repairs OÜ, to the Estonian company AS Tiigi Keskus for 19 million euros. The privatization was prompted by a sharp decline in freight traffic on the railway due to sanctions, as well as changes in the country’s strategy. Infrastructure Minister Vladimir Svet emphasized that freight traffic is not a strategically important task for the state, and the transfer of the business to private investors will allow it to focus on other priorities.
