100% share of the Georgian Railways from the "Partnership Fund" was transferred directly to the Government of Georgia, - according to the official statement sent by the London Stock Exchange to the investors.
In the summer of 2022, it became known to the public that within the framework of the "Partnership Fund" reform, the largest asset - the Georgian Railways - would be transferred to the government, although the exact details and date of the transaction were not made public.
According to the announcement made by the London Stock Exchange, the transaction had already been completed in December and the government had become the owner of the railway.
"Partnership Fund" is already a state investment fund, therefore, with the change of ownership, the railway remains in the possession of Georgia and essentially nothing changes.
Currently, only one large asset - "Oil and Gas Corporation" remains on the account of the "Partnership Fund".
Georgian Railways received an income of GEL 507 million in 9M2022. The company's income was up by 20% due to the increased cargo turnover reaching to 11 million tons.
