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Estonian railway privatization takes the first step forward

Aug 20, 1998
By Urmas Maranik

TALLINN - The state-owned Estonian railway company Eesti Raudtee has steamed up for privatization to get the required investment for the passenger transportation sector.Eesti Raudtee has been struggling to make both ends meet since independence. Last year the company earned its first profit of 12 million kroons ($857,000) on cargo transit, but it still needs 400 million kroons to modernize and repair its infrastructure.While the cargo transportation sector has been improving every year, passenge ...

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