Newsfeed

Public Services Regulatory Commission decides to reduce tariffs of some services of ArmenTel CJSC

Poaching and illegal hunting tours endanger birds in Armenia

The NKR premier: The Madrid Principles are certainly unacceptable to us

Armenian Copper Programme cuts blister copper production by 13.5%

VTB Bank (Armenia) confirms its leadership in lending

EY takes employees of Armenian ancestry back to their roots

Levon Hayraptyan's health much worse

Vahagn Hovnanyan: Oligarchs have full control of Armenian economy

John Heffern believes that Nagorno-Karabakh conflict can be resolved only through peaceful talks

In Oct 2014 Armenia to join UN peacekeeping operation in Lebanon

ICRC car fired at on Armenian-Azeri border

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Azerbaijan mounts another sabotage attack on Line of Contact, Armenian side has 1 victim and 2 wounded

Helsinki Citizens' Assembly Vanadzor Office urges Armenian Defense Ministry to look into military conscription of a kyphotic young man

Armenia suffers no losses during crossfire initiated by Azerbaijan on Armenian-Azeri border

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Armenia's former prime minister: The indicator of the economic growth in Armenia is extremely low for the first half of 2014

RPA: OSCE Minsk Group Co-Chairs’ latest statement was addressed to Azerbaijan

French citizen lost in Gegarkunik region of Armenia

RPA does not hurry to assess 100 day activity of Hovik Abrahamyan's government

Serzh Sargsyan sees no need in arming of population of border villages

Seyran Ohanyan: Armenia has been putting in place ‘engineering facilities’ along with other measures to prevent attempts by Azerbaijani sabotage groups to infiltrate into its territory

Charges brought against Levon Hayrapetyan

Azeri State Committee for Refugees: Issues of the return of Dilgam Asgarov and Shahbaz Guliyev and the transfer of Hasan Hasanov's dead body are under control of President Aliyev

Armenian Government tries to repay its debts by transferring state-owned enterprises' assets to a U.S. company

Armenian environmentalists comment on Red Book apes imported to Armenia

All U.S. citizens traveling to or residing in Armenia are strongly encouraged to enroll in the Department of State's Smart Traveler Enrollment Program

The ICRC has already started talks to return Azeri saboteur's corpse, Azerbaijani State Committee says

Stepan Safaryan: OSCE Minsk Group prefers stroking naughty Azerbaijan

South Caucasus Railway CEO: Investment program for 2014 amounts to 6.5 billion drams

  • by Gayane Isahakyan

  • Tuesday, June 10, 11:22

 The investments program of the South Caucasus Railway CJSC (SCR) for 2014 amounts to 6.5 billion drams, SCR CEO Viktor Rebets told reporters on 7 June on the sidelines of an economic forum "Customs Union: Armenia - Cooperation" in the resort town of Tsakhkadzor.

He said the investments will help improve infrastructures, repair the railways and related facilities. "The investment program looks to improve the railway transportation in Armenia, upgrade the reliability and safety of the railways. The company has already invested over 90 billion drams for the given purposes," Viktor Rebets said.

He said that the strategic goal of the company's development is in harmony with Armenia's political course, as the company seeks integration into Eurasian transport corridors. 
"

Entering new railway transportation markers, we will need to harmonize the legislation, make more flexible and efficient tariff policy, bring the infrastructures and rolling stock in line with the international standards etc," Rebets said.

As the concessionaire of the Armenian Railway, SCR CJSC pledged to invest 174.6 bln drams ($572 mln) in development and modernization of Armenia's railway infrastructures within 30 years. AT present, over half of the given amount has already been invested in the field. The share of the railway freight activity in Armenia's total freight activity is over 34%. This indicator has grown almost 4.6% since SCR CSJC launched activity in Armenia.
CJSC "South Caucasian Railway" is a 100% subsidiary of JSC "Russian Railways" and provides concession management of Armenian railroads.  CJSC "Armenian Railways" was referred to the concession management to the company "SCR" according to the Concession Agreement signed on February 13, 2008. The term of the concession management is 30 years with possible extension for another 10 years.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields