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South Caucasus Railways' Investment Program For 2014 To Cost AMD 7.5

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  • South Caucasus Railways' Investment Program For 2014 To Cost AMD 7.5

    SOUTH CAUCASUS RAILWAYS' INVESTMENT PROGRAM FOR 2014 TO COST AMD 7.5 BILLION

    YEREVAN, July 30. /ARKA/. South Caucasus Railways CJSC's investment
    program for 2014 will amount to AMD 7.5 billion against the previous
    year's 6.3 billion, Viktor Rebets, CEO of the company, said in an
    interview with ARKA News Agency.

    "We will put special emphasis on creation of technologies connected
    with the train separation system of traffic regulation system,
    i.e. a system of semi-automatic blocking, as well as on automation
    of our switch facilities at stations and reinforcement of our railway
    facilities," he said.

    Fore example, he said, the reconstruction of our motive-power depot
    in Gyumri has made it possible to change periodicity of repairs of
    locomotives, get rid of outside contractors and increase periods
    between repairs.

    "Before that, we repaired cars every year, without taking into account
    how many kilometers they have run, while now we see their mileages,
    and taking into account short distances in Armenia, we can say that
    the periodicity of repairs will shrank twice (once in two years),"
    Rebets said. "We won't pay for that many times - it can serve for at
    least one decade."

    Rebets also stressed that in 2008, when the company came to Armenia,
    there were 420 derailing cases, and in 2012 their number reduced to
    five thanks to investments in the infrastructure, particularly to
    the repair of 300 kilometers of railways.

    Speaking about plans for the next year, Rebets said that the process
    of creation of the unified data transmission network from the final
    to the first stations as well as fortification of bridges will be
    completed in 2014.

    "We built three bridges in 2012. This year we are fortifying three
    other bridges, but are not building new ones, since there is no
    necessity to do this."

    South Caucasus Railways, a 100-percent subsidiary of Russian Railways,
    runs Armenian Railway.

    Armenian Railways was handed over to the South Caucasus
    Railways on February 13, 2008 for 30-year concession
    management with a right to prolong the management term for
    other 10 years. ($1 - AMD 410.30).---0--- - See more at:
    http://arka.am/en/news/business/south_caucasus_railways_investment_program_for_201 4_to_cost_amd_7_5_billion/#sthash.F57GkgPC.dpuf


    From: Baghdasarian
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