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South Caucasus Railroad Not To Increase Price For Cargo Transportati

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  • South Caucasus Railroad Not To Increase Price For Cargo Transportati

    SOUTH CAUCASUS RAILROAD NOT TO INCREASE PRICE FOR CARGO TRANSPORTATION IN 2009

    /ARKA/
    May 4, 2009
    YEREVAN

    The South Caucasus Railroad closed joint stock company is not to
    increase price for cargo transportation in 2009 to support Armenian
    business under the crisis conditions, General Director of the company
    Shevket Shaydulin said at his meeting with Armenian President Serzh
    Sargsyan.

    Shaydulin briefed the President on the mission of the company as a
    national transport company and reported about the results of the recent
    meeting of Board of Directors, the company's press service reported.

    During the meeting Shaydulin presented the company's investment
    program for 2009 and the measures to enhance financial effectiveness
    of the company.

    The sides discussed the potential for improvement of transport services
    in Armenia.

    In particular, the South Caucasus Railroad is an enterprise that offers
    complex transport services and develops to specialize in the field
    of intermodal transportation (use of various kinds of transport for
    transportation of a cargo without participation of the freight owner)
    following the "from door to door" principle, Shaydulin said.

    During the meeting, the sides also considered issues on construction
    of Armenia-Iran railroad.

    The parties attached importance to improvement of staff management
    both in the company and in the country on the whole.

    Shaydulin spoke about social activities of the company and pointed out
    that the staff is the main resource of the company. Staff trainings
    are to ensure the success of the company, he said.

    South Caucasus Railroad fully owned by the Russian Railways is the
    operator of the Armenian Railways under a 30-year concession agreement
    signed on February 13 2008.
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