World Bank to coordinate selection of private managers for CFR Marfa and Tarom

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The World Bank (WB) will coordinate the selection of the private managers of the companies CFR Marfa and Tarom, according to the information sent to Agerpres by the Ministry of Transports and Infrastructure (MTI).

MTI filed a financing application with the Management Authority for the Operational Programme Administrative Capacity Development for a project that will be implemented with the technical assistance of the World Bank. The introduction of the private management to the companies subordinated to MTI is included here too.

According to the Ministry, concurrently with the approval of the application they will take the steps necessary for signing the contract between MTI and the WB.

In the first stage the companies that will undergo the process of privatizing a portfolio accounting for 20 percent of the shares will be Tarom and CFR Marfa and the WB will coordinate the selection of the consultant for recruiting the private managers.

The correct schedule for the selection of the private management in the companies subordinated to MTI will be established immediately after signing the contract with the WB.

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