Tweet
TWO COMPANIES BID FOR ARMENIAN RAILWAYS
ARMENPRESS
Oct 9, 2007
YEREVAN, OCTOBER 9, ARMENPRESS: Transport and communication minister
Andranik Manukian said today a tender for concessional management of
the Armenian Railways will be announced on October 15.
Manukian said two companies, one from Russia and the other from India,
have shown interest in the Armenian Railways. They have asked for
tender packages and sent all required documents.
Manukian said the winning company will be announced on December 15 and
the subsequent talks are expected to be over by January 15 next year.
The winner of the tender will have to transfer $10 million as
concessional payment and pay 2 percent of its incomes to the
government The railway tariffs will be set by the Pubic Services
Regulatory Commission.
Manukian said the Railway will remain under the government's ownership.
"In a couple of years Armenian Railways will lose its carriages and
locomotives as they are in their last days. Armenia does not have
extra $170 million to repair the railroads and buy new carriages and
this is the main reason that prompts us to hand it to confessional
management,' Manukian said.
ARMENPRESS
Oct 9, 2007
YEREVAN, OCTOBER 9, ARMENPRESS: Transport and communication minister
Andranik Manukian said today a tender for concessional management of
the Armenian Railways will be announced on October 15.
Manukian said two companies, one from Russia and the other from India,
have shown interest in the Armenian Railways. They have asked for
tender packages and sent all required documents.
Manukian said the winning company will be announced on December 15 and
the subsequent talks are expected to be over by January 15 next year.
The winner of the tender will have to transfer $10 million as
concessional payment and pay 2 percent of its incomes to the
government The railway tariffs will be set by the Pubic Services
Regulatory Commission.
Manukian said the Railway will remain under the government's ownership.
"In a couple of years Armenian Railways will lose its carriages and
locomotives as they are in their last days. Armenia does not have
extra $170 million to repair the railroads and buy new carriages and
this is the main reason that prompts us to hand it to confessional
management,' Manukian said.