Financial Times FT.com

Estonia's railway operator has a new controller

By Robert Wright in London

Published: January 17 2007 02:00 | Last updated: January 17 2007 02:00

Estonia's government has completed the renational-isation of a two-thirds stake in the national railway company, ending a long-running dispute that has illustrated the sometimes hidden risks of investing in transport infrastructure.

The sale follows almost constant pressure on Baltic Rail Services, the private consortium that owned66 per cent of Eesti Raudtee, the national railway, since the election in 2003 of a left-wing government opposed to the privatisation.

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