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South Caucasian Railways Summed Up First Quarter Results

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  • South Caucasian Railways Summed Up First Quarter Results

    SOUTH CAUCASIAN RAILWAYS SUMMED UP FIRST QUARTER RESULTS

    PanARMENIAN.Net
    04.05.2009 18:28 GMT+04:00

    /PanARMENIAN.Net/ RA Prime Minister Tigran Sargsyan met with
    Transportation and Communication Minister Gurgen Sargsyan and "South
    Caucasian Railways" CJSC's General Director Shevket Shaydullin,
    SCR press service reports.

    During the meeting, the parties discussed issues concerning railway
    communications development. The first quarter results and the major
    trends elaborated during SCR Directors' recent meeting were introduced
    to Mr. Shaydulin. The latter include the 2009 Investment Program,
    tariff policy, regional and social policy etc.

    The parties also discussed plans for constructing the
    Vanadzor-Fioletovo railway in the frames of concessionary agreement
    aimed at restoring Armenia's railway infra-structure.

    SCR CJSC is a 100% shareholder of "Russian Railways" OJSC. Armenian
    Railways CJSC was transferred to South Caucasian Railway's
    concessionary management under a concessionary agreement dated
    February 13, 2008. The agreement was signed for the term of 30 years,
    with possible extension of 10 years.
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