COST OF EXPORT RAIL TRANSIT OF CEMENT DOWN 30% IN ARMENIA
ARKA
March 2, 2009
YEREVAN, March 2. /ARKA/. The cost of export rail transit of cement
has been reduced by 30% provided the traffic is guaranteed.
The press service of the South-Caucasian Railway CJSC reported that
the cost of transportation was reduced as a result of discussions of
the terms of transportation for 2009. The terms were agreed between
the South-Caucasian Railway Company and the Armenian cement producers.
A 10% discount is in effect for fixed-route transportation of raw
materials.
Also, as a result of cooperation with the Georgian Railways, the
South-Caucasian Railway Company plans to reduce the cost of container
traffic.
Although the South-Caucasian Railway CJSC is currently operating
in the red, amid the rising prices for the main energy resources,
the company management decided to implement a flexible tariff policy
to temper the impact of the global economic crisis on the Armenian
economy and support Armenian exporters, the report says.
The South-Caucasian Railway CJSC is concession manager of the Armenian
Railway Company. South-Caucasian Railway, fully owned by the Russian
Railways Company, listed in its fixed assets the rolling stock of
the Armenian Railways on June 1, 2008, under a concession contract
of February 13, 2008.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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