Investments In South Caucasus Railways To Total 2.8 Billion Rubles I

INVESTMENTS IN SOUTH CAUCASUS RAILWAYS TO TOTAL 2.8 BILLION RUBLES IN 2009

PanARMENIAN.Net
25.02.2009 16:52 GMT+04:00

/PanARMENIAN.Net/ South Caucasus Railways Director General Shevket
Shaydulin said that investments in the South Caucasus Railways will
total 2.8 billion rubles in 2009.

"The initial condition of the railway is satisfactory, yet labor
productivity and infrastructure of the South Caucasus Railways yield
to those in neighbor states," he told a news conference in Yerevan.

"The company works under strong competitive pressure," he said, adding
that rail traffic makes 29% in the Armenian cargo transportation
system, while motor transportation exceeds 54%.

Touching on personnel selection, Shaydulin said that the SCR is
collaborating with Gyumri technical school and a number of higher
education institutions in Armenia and Russia.

"Presently, some 200 specialists are taking a special course. They
will join our company in the near future," he said.

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