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South Caucasus Railways Reports 12.9% Rise In Cargo Transportation

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  • South Caucasus Railways Reports 12.9% Rise In Cargo Transportation

    SOUTH CAUCASUS RAILWAYS REPORTS 12.9% RISE IN CARGO TRANSPORTATION

    /ARKA/
    June 17, 2011
    YEREVAN

    YEREVAN, June 17. / ARKA /. The South Caucasus Railways, a Russian-run
    company operating Armenia~Rs railroads, said it had transported a
    total of 1.146. million tons of cargo in January-May 2011, a 12.9%
    year-on-year increase.

    According to a press release, received by ARKA, the actual volume
    of transported goods in this period was 8% higher than planned. In
    January-May 2011 the company transported outside the country 147,100
    tons of cargo, by 21.7% more than planned. The volume of cargo brought
    to the country in the first five months of this year amounted to
    485,100 tons, exceeding the projected rate of 461,300 tons by 5.2%.

    Locally transported cargo rose by 7.2% to 514,600 tons.

    "The growth in basic indicators was achieved due to a flexible tariff
    policy, as well as to constant improvement of quality of service,"
    the company said in a news release.

    The South Caucasus Railways is run by Russian Railways. The
    concessional agreement was concluded in 2008 for 30 years, with a
    right of extension for another 20 years after the first 20 years of
    operation.

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