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Russian Railways and Armenian Railway Sign Memorandum of Cooperation

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  • Russian Railways and Armenian Railway Sign Memorandum of Cooperation

    RIA OREANDA
    Economic News
    November 3, 2004 Wednesday

    Russian Railways and Armenian Railway Sign Memorandum of Cooperation in
    Organization of Railway Communication between Russia and Armenia

    Yerevan. The President of JSCO "Russian Railways" Gennady Fadeev and
    the General Director of JSC "Armenian Railway" Ararat Khrimyan will
    sign the Memorandum of Cooperation in the field of organization of
    railway communication between Russia and Armenia, public relations
    department of JSCO "Russian Railways" informed.

    The Memorandum proclaims intentions of Russian and Armenian parties to
    develop cooperation between railways of Russia and Republic of Armenia
    in the field of rail transportation, rolling stock, infrastructure,
    techniques and corresponding railway equipping.

    In particular, the Memorandum speaks about intention to organize rail
    transportation between the Russian Federation and Republic of Armenia
    with further output on routes of the international transport corridor
    "North-South", increase in volumes of transportations of mutual trade
    cargoes between the Russian Federation and Republic of Armenia and
    international transit, increase in efficiency and competitiveness of
    railway cargo and passenger transportations.

    "Railways always were and remain out of politics and borders between
    the states, Gennady Fadeev has emphasized after arrival to Yerevan.
    Purpose of our visit is arrangement of economic cooperation with
    Armenian colleagues in the field of development of the largest Eurasian
    transport corridors, in particular, corridor "North-South".

    It is supposed that the parties will charge specially created working
    commission of experts of JSCO "Russian Railways" and JSC "Armenian
    Railway" with preparation of offers on formation of joint company with
    attraction of private capital for organization of transportations
    between Russia and Armenia at creation of necessary infrastructure on
    railway route Veseloe - Sukhumi - Yerevan.

    From: Emil Lazarian | Ararat NewsPress
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