SOUTH CAUCASIAN RAILWAYS SUMMED UP FIRST QUARTER RESULTS
PanARMENIAN.Net
04.05.2009 18:28 GMT+04:00
/PanARMENIAN.Net/ RA Prime Minister Tigran Sargsyan met with
Transportation and Communication Minister Gurgen Sargsyan and "South
Caucasian Railways" CJSC’s General Director Shevket Shaydullin,
SCR press service reports.
During the meeting, the parties discussed issues concerning railway
communications development. The first quarter results and the major
trends elaborated during SCR Directors’ recent meeting were introduced
to Mr. Shaydulin. The latter include the 2009 Investment Program,
tariff policy, regional and social policy etc.
The parties also discussed plans for constructing the
Vanadzor-Fioletovo railway in the frames of concessionary agreement
aimed at restoring Armenia’s railway infra-structure.
SCR CJSC is a 100% shareholder of "Russian Railways" OJSC. Armenian
Railways CJSC was transferred to South Caucasian Railway’s
concessionary management under a concessionary agreement dated
February 13, 2008. The agreement was signed for the term of 30 years,
with possible extension of 10 years.