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Victory Of Russian Company Will Be Announced Jan. 15

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  • Victory Of Russian Company Will Be Announced Jan. 15

    VICTORY OF RUSSIAN COMPANY WILL BE ANNOUNCED JANUARY 15

    Lragir
    Dec 14 2007
    Armenia

    The tender for the management of the Armenian railroad was transparent,
    stated the World Bank regional vice president for Europe and Central
    Asia Shigeo Katsu. In the beginning more than one participant were
    expected but in the end, unfortunately, only one was left, he said.

    According to him, in this case it is necessary to guarantee that the
    company works in the interests of the society. Sufficient coordination
    and control of the services provided by the concessionaire are needed,
    Katsu said.

    In the beginning two companies, a Russian and an Indian, bid for the
    management of the railroad. Later the Indian company withdrew its
    bid. On December 21 the feasibility study of the Russian Railroad
    will become known, on January 8, 2008 the bid. The winner of the
    tender will be announced on January 15. The management of the Armenian
    railroad will be taken up for 30 years on the condition of prolonging
    for another 20 years.
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