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MINISTER: SCR PERFORMED ALL OBLIGATIONS REGARDING INVESTMENTS AND CONCESSION AGREEMENT IN 2010
/ARKA/
December 29, 2010
YEREVAN
"South-Caucasian Railways" cjsc (SCR) could manage to perform all the
obligations, including concession obligations and implement investment
program, said Armenian Minister of Transport and Communications
Manuk Vardanyan.
"After the transfer of the railway under the concession in 2008 we can
say that the year 2010 was critical. We can see significant changes
in the regulation of railway communication and security of rails from
the point of view of passenger and cargo transportation", he said.
Requirements to the railway are very high and certain dissatisfaction
occurred in passenger transportation. The company quickly reacted to
the problems trying to regulate all the issues.
"I appreciate the approach of our concessionaire which is trying to pay
serious attention to the regulation of social issues", said Vardanyan.
The company paid concession fee to the government in the amount of
250 million drams.
In the frames of SCR event, the minister and General Director of
the company Shevket Shaydullin awarded honored titles, certificates,
bonuses and presents to the best employees.
Concession management of "Armenian railway" is implemented by CJSC
"South Caucasian Railway" which is 100% affiliate of Open JSC "Russian
Railway". SCR accepted the railway stock of CJSC "Armenian railway"
on its balance from June 1, 2008 according to Concession Agreement
signed on February 13, 2008. The terms of concession management is for
30 years with the right of prolongation for another 10 years. ($1 -
361.05 drams).
From: A. Papazian
/ARKA/
December 29, 2010
YEREVAN
"South-Caucasian Railways" cjsc (SCR) could manage to perform all the
obligations, including concession obligations and implement investment
program, said Armenian Minister of Transport and Communications
Manuk Vardanyan.
"After the transfer of the railway under the concession in 2008 we can
say that the year 2010 was critical. We can see significant changes
in the regulation of railway communication and security of rails from
the point of view of passenger and cargo transportation", he said.
Requirements to the railway are very high and certain dissatisfaction
occurred in passenger transportation. The company quickly reacted to
the problems trying to regulate all the issues.
"I appreciate the approach of our concessionaire which is trying to pay
serious attention to the regulation of social issues", said Vardanyan.
The company paid concession fee to the government in the amount of
250 million drams.
In the frames of SCR event, the minister and General Director of
the company Shevket Shaydullin awarded honored titles, certificates,
bonuses and presents to the best employees.
Concession management of "Armenian railway" is implemented by CJSC
"South Caucasian Railway" which is 100% affiliate of Open JSC "Russian
Railway". SCR accepted the railway stock of CJSC "Armenian railway"
on its balance from June 1, 2008 according to Concession Agreement
signed on February 13, 2008. The terms of concession management is for
30 years with the right of prolongation for another 10 years. ($1 -
361.05 drams).
From: A. Papazian