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South Caucasus Railway Asks Armenian Government To Grant It Status O

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  • South Caucasus Railway Asks Armenian Government To Grant It Status O

    SOUTH CAUCASUS RAILWAY ASKS ARMENIAN GOVERNMENT TO GRANT IT STATUS OF INTERNATIONAL COMPANY

    ARKA
    Nov 12, 2009

    YEREVAN, November 12, /ARKA/. The South Caucasus Railway (SCR)
    company has asked the government of Armenia to grant it the status
    of an international company.

    The chief manager of the SCR, Shevket Shaidulin, said today the status
    of an international transport company that will allow SCR to join
    international transport and logistical organizations, will provide
    it with an opportunity of equal cooperation with railways companies
    from neighboring countries.

    According to him, it will also help promote Armenia's interests in
    international organizations and become more attractive in terms of
    investments attraction.

    He said the unfolding developments in the South Caucasus, especially
    those related to the opening of the border and plans for construction
    of Iran-Armenia railway may radically change the external and internal
    environment of the Armenian economy, including the role of railroads
    in the country's economic and political life.

    'This pace of developments in mind Armenia's railroads should be
    considered as a transit chain in international transport corridors
    Europe-Asia and North-South. We think it is quite real for the
    railroads to act as a locomotive to take other economy sectors to
    foreign markets. These objectives can be achieved only in close
    interaction with Armenian government,' he said.

    Shaidulin raised this issue during the recurrent meeting of
    Armenian-Russian inter-parliamentary commission on cooperation in
    Yerevan earlier this week. His proposal was endorsed by Russian and
    Armenian parliament members.

    In 2007 the Armenian government called tenders for a 30-year
    concession to modernize and operate Armenian Railways. An Indian
    RITES and Russian Railways qualified to bid, but the Indian company
    withdrew. The Russian Railways was the only bidder and has set up
    South Caucasian Railway as a subsidiary to run the Armenian Railway.

    The concession agreement was concluded for 30 years, with a right of
    extension for another 20 years after the first 20 years of operation.

    From: Emil Lazarian | Ararat NewsPress
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