RATB to turn into a joint stock company named Bucharest Transport Company

The Bucharest City Hall decided that the Bucharest Autonomous Transport Company (RATB) will be transformed into a joint stock company called Bucharest Transport Company, according to a draft resolution approved on General Council of Bucharest Municipality (CGMB).

The draft decision concerns the granting of a mandate to Orlando Culea, former chairman of the CGMB meeting and PSD advisor, for signing the constituent act of the Bucharest Transport Society (STB). CGMB decided on 22 February that RATB be transformed into a joint stock company called Bucharest Transport Company SA.

The shareholders will be the City Hall of the Capital, through the General Council, and the Ilfov City Hall, through the County Council.

The newly established company will have a share capital of over RON 129 million and the employees of the company will be taken over and re-classified on the same positions.

The discution about the RATB reorganization appeared in early 2016, when the CGMB approved an oportunity study in this respect, and the municipality promised that the City Hall company would be transformed by the beginning of the next year. 

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RATB has a total of 1,147 buses, out of which they are daily taken out on route 807, 486 trams and 297 trolley buses.