Privatisation of railways not on the cards, says Prime Minister
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    Privatisation of railways not on the cards, says Prime Minister

    © Belga
    © Belga

    Privatising the National Railway Company of Belgium, SNCB, is not on the cards, the Office of Prime Minister Charles Michel stated on Friday. However, it said, the Government is assessing the many activities conducted through branches of the SNCB and Infrabel – the public company that owns and maintains the country’s railway network – and how they can be reduced where necessary. This evaluation is being done on the basis of their main missions and in keeping with the majority agreement. 

    The Office of the Prime Minister also disclosed that, in the coming months, a working group will examine public participation within the framework of “dynamic management”. The group will assess the value of the shares and how they can be realized.

    “It is logical and common sense for the Government to study the way in which the financial situation of our public companies can evolve,” Prime Minister Michel’s office said. “The sale of shares must take strategic, financial, economic and social interests into account.”

    Andy Sanchez
    The Brussels Times