Denktaş responds to criticism of the economic protocol

The council of ministers approved on Thursday, the 2016-2018 Structural Transformation Program and sent it to the assembly, Kibris Gazetesi reports.

Addressing the assembly before the meeting of the cabinet, Deputy Prime Minister, Serdar Denktaş replied to criticism about the contents of the program and read out some articles in the protocol regarding the state planning organisation (DPO), the electricity authority (KIB-TEK), the telecommunications authority and the judiciary and explained the changes that had been made.

The DPO will not be dissolved. On the contrary, its capacity will be increased and in cooperation and coordination with the Ministry of Finance; it will be preparing medium-term plans.

The necessary support will be given for strengthening the judiciary. The institutional capacity of the judiciary [such as personnel, buildings and equipment] will be re-examined and specialised courts will be established.

The target as regards the ports is that the ports’ authority and the port services are to be separated from each other, the necessary investments to be made in the ports and the ports’ operation will be operated under the public private partnership (PPP) model.

For the telecommunications authority’s infrastructure and services, the public sector will play a regulatory role and administration will be carried out in cooperation between the private and the public sector.

An energy department will be established with the aim of regulating and supervising the energy sector. The right of operating the electricity distribution system will be transferred within the framework of public – private cooperation with the aim of increasing the quality of service.

Meanwhile, Havadis writes that according to the timetable set out in the recently signed economic protocol, the production, transfer and distribution of electricity will be separated by June 2017. The necessary legal amendments will be made for dividing KIB-TEK into three companies. By June 2017 the transfer of the operation rights of the telecommunication authority will also be concluded. By the end of 2018 the ports’ authority and the ports’ services will be separated and the ports of Kyrenia (the tourism port and the ancient port) and Famagusta port will be privatised.

Kibris Gazetesi, Havadis

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