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Two Companies Bid For Armenian Railroad

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  • Two Companies Bid For Armenian Railroad

    TWO COMPANIES BID FOR ARMENIAN RAILROAD

    Lragir.am
    14-09-2007 14:06:24

    The minister of communication and transport Andranik Manukyan told
    reporters today the Russian Railways and the Indian Railways companies
    bid for the concession on the Armenian railroad company. Andranik
    Manukyan said the deadline for submitting documents is September
    21, the documents will be studied until October 15. According to
    the minister, the terms of the concession are: 10 million dollars
    in advance, transfer of 2 percent of income from shipment to the
    government, investment of 170 million dollars within 10 years.
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