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BAKU: Armenian Transport Minister: "Russian Railroads Will Restore A

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  • BAKU: Armenian Transport Minister: "Russian Railroads Will Restore A

    ARMENIAN TRANSPORT MINISTER: "RUSSIAN RAILROADS WILL RESTORE ARMENIA'S RAILWAY COMMUNICATION WITH TURKEY AND AZERBAIJAN"

    Today
    Jan 10 2008
    Azerbaijan

    Russian railroads intend to restore railway communication of Armenia
    with Turkey and Azerbaijan in 2009-2010.

    The due statements was made by the Minister of Transport and
    Communication of Armenia Andranik Manukyan, commenting on the
    transmission of Armenian railroads to concessive regulation, said at
    a governmental briefing.

    "In line with the package of proposals, presented for the concessive
    regulation of Armenian railroads, the Russian railroads plan to open
    communication with Azerbaijan in 2010 and to resume communication
    with Turkey", the Minister announced.

    Manukyan said that according to the package of investments opened on
    December 21 of 2007, the Russian railroads suggests investing $570
    million to the Armenian railroads including $230 million in the next
    five years.

    The Minister also reminded that in line with a 30 year investment
    program, the government planned to invest $170 million to Armenian
    railroads.

    "Investments will rise up to $2.130 billion if transport blockade
    is lifted from Armenia, Abkhaz railroad is opened and common railway
    communication is restored", Manukyan said.

    He noted that in line with the package of proposals opened on
    January 8, the Russian Railroads propose 1.7 billion drams in a
    single concessive payment to the state budget of Armenia, which is
    now being discussed.

    The Russian railroads and Rail India Technical and Economic Services
    (RITES) passed the preliminary qualification for participation in
    the tender for concessive regulation of the Armenian railroads.

    As RITES later refused participation in the tender, explaining it by
    the participation in another tender in Africa, the Russian Railroads
    were the only candidate left.

    Armenian Railroads is a state-owned company, owning the main part
    of the rolling stock of the country and almost the whole railway
    infrastructure ($1-307.09 drams).
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