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Railways of Bosnia-Herzegovina to be privatised in 2019

Railways of Bosnia-Herzegovina to be privatised in 2019Bosnia and Herzegovina Government (BiH) is preparing to restart the privatization and restructuring process of selected state owned enterprises, including its Federal Railways (ŽFBH). ŽFBH privatisation process is planned for Q2 2019 and represents one of the measures to be implemented following the financial agreement with the International Monetary Fund (IMF)

IMF and BiH authorities have reached an agreement, subject to approval by the IMF Executive Board, on an economic program to be supported by a 36-month SDR 443.04 million (about €550 million or 262 percent of quota) Extended Fund Facility (EFF). 

Total aggregated debts of ŽFBH reach approximately BAM 700 million (EUR 375 million). In the last two years, the volume of goods transported increased to 600,000 tons, generating revenues of BAM 9 million. ŽFBH has 3494 employees. 

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