Havana, July 17 (acn) Bolivian President Evo Morales announced Tuesday
that he will revert the process of privatization, known as
"capitalization" in Bolivia, under which the former state rail company
Empresa Nacional de Ferrocarriles (ENFE) fell into private hands in 1996.

"Let the people who promised capitalization tell us where the fruits of
that process are. There never was capitalization, but instead the
de-capitalization of the Bolivian people and our state firms. That's why
we are beginning the nationalization of ENFE," said Morales who also
questioned the benefits of the privatization of the railroads to the
Chilean and US investors.

The Bolivian president made his statements at the opening of a tourist
steam train route outside La Paz, which runs between the altiplano port
town of Guaqui on the bank of Lake Titicaca to the pre-Columbian citadel
of Tiwanaku, reports Granma newspaper.

Morales nationalized hydrocarbons back in May 2006, and is in
arbitration with the Italian telecommunications firm Telecom to obtain
majority control over the national telephone company ENTEL.