Georgia's opposition is hopping mad over the "covert privatization" of Georgian Railways.
Saakashvili transfered the company to UK-based "Parkfield Investments" under an 89 year managment agreement. Yet, for some unknown reason, people are skeptical how a one year-old company, with an ambigious ownership structure and initial assets of only $12 million, is going to come up with the promised $100 million dollars a year in promised investments. Will you take a check?
Then again, "privatization is privatization, it doesn't matter who gets these companies," as Mr. Privatization (Anders Aslund) would say. And someone has to pay for Saakashvili's Italian suits.
No comments:
Post a Comment