The MOU signed by the Minister of Economy and Finance, Kyriakos Pierrakakis and the Deputy Minister of Transport, Konstantinos Kyranakis, for the transfer of the rolling stock of GAIOSE to OSE (Railways of Greece) has been published.
As stated in the AGM, “pursuant to No. 118/29.08.2025 of the Minutes of the Extraordinary Uncalled General Assembly of the shareholders of the Limited Company with the name “Railways Organization of Greece Limited Company” and the distinguishing title “OSE S.A.” and of the relevant merger agreement from 29.08.2025 of the company “ERGA OSE SA.” (absorbed) by the company “OSE SA.” (absorber), in accordance with par. 4 of article 3 of law 5167/2024, the activity of managing railway rolling stock assigned to the company GAIAOSE S.A., according to par. 4 of article 8 of law 3891/2010 (A’ 188), on the transfer of rolling stock, is transferred from the date of entry into force of this to the company Sidirodromii Ellados M.A.E., according to par. 1 of article 9 of Law 5167/2024″.
In particular, within one week (starting yesterday, Wednesday, October 15) GAIAOSE should deliver to Hellenic Railways all rolling stock lease contracts and the corresponding annexes or lists of the contracts with the leased rolling stock, this delivery being subject to a protocol of delivery – receipt of the leased rolling stock.
After the delivery – receipt of the rolling stock, in accordance with the provisions herein, the Hellenic Railways SA company will complete the registration of the rolling stock within six months.
The Hellenic Railways M.A.E. company, from the date of entry into force of this, undertakes the obligation of technical evaluation of leased and non-leased railway rolling stock. Specifically, the technical evaluation process includes at a minimum the identification, evaluation, assessment and control of all rolling stock – leased and non-leased and drawing up a Technical Control Report – Due Diligence for each unit.
The process includes a thorough check, such as:
a. Assessment of the current operational status and degree of maintenance of each unit.
b. Total technical inspection of the rolling stock, which will include:
i. Technical assessment of the current condition of each rolling stock unit.
ii. Calculation of the remaining life of the rolling stock in years of efficient service (without rebuilding).
iii. Recommendations on the best available mechanisms to ensure conditions for maintaining/improving the operational condition and duration as well as maintenance of rolling stock.
iv) Control of response of rolling stock to the requirements of national and European legislation.
c. Description and documentation of the actual current condition of the rolling stock on the delivery/acceptance forms.
The duration of the technical evaluation process must be completed within twelve months of its assignment.
Finally, as indicated, Hellenic Railways automatically enters into the rights and obligations of the company GAIAOSE S.A. as a manager of railway rolling stock and the relevant contracts in which it has entered into in this capacity, excluding legal or other service contracts provided for the responsibilities of GAIAOSE SA.
Source: Skai
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