Two Companies Bid For Armenian Railroad

TWO COMPANIES BID FOR ARMENIAN RAILROAD

Lragir.am
14-09-2007 14:06:24

The minister of communication and transport Andranik Manukyan told
reporters today the Russian Railways and the Indian Railways companies
bid for the concession on the Armenian railroad company. Andranik
Manukyan said the deadline for submitting documents is September
21, the documents will be studied until October 15. According to
the minister, the terms of the concession are: 10 million dollars
in advance, transfer of 2 percent of income from shipment to the
government, investment of 170 million dollars within 10 years.