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Restructuring and Private Sector Participation Program for Aqaba Railway Corporation

Executive Privatization Commission

CPCS assisted the Executive Privatization Commission with the restructuring process and privatization of the Aqaba Railway Corporation (ARC) in Jordan, including abolishing the ARC; creating a public shareholding company called the Aqaba Railway Operating Company (AROC); transferring assets and liabilities from ARC to AROC; signing a long-term transport contract between AROC and the Jordan Phosphate Mines Company (JPMC); and signing a long-term operating contract between AROC and the GOJ.