CEO: South Caucasus Railway works successfully in May

CEO: South Caucasus Railway works successfully in May

YEREVAN, June 9. /ARKA/. South Caucasus Railway CJSC CEO Viktor Rebets, summarizing results of the company’s work for May at a regular session, voiced satisfaction at the month’s indicators.
He said the company’s cargo traffic in May was 5.8% larger than planned, and it was also larger than that of the same month a year earlier. 

The growth was mostly ensured by a 27 percent over-fulfillment of imports and a 1.5-time year-on-year increase. 

The unloading was 15.9% greater than planned and 28% larger than in May 2013. 

Cars’ idleness reduced by 1.4 hours, freight trains became longer and the average mileage of locomotives grew by 9%, compared with the last year’s indicators.  

An average salary at the company reached AMD 182,000 in May 2014 against AMD 197,000 in May 2013, while the average salary in the country amounts to AMD 159,500.  

At the same time, Rebets stressed the necessity to increase the service speed, since it fell in two years. 

South Caucasus Railway, a subsidiary of Russian Railways, runs Armenian Railway, which was handed over to the South Caucasus Railway on February 13, 2008 for 30-year concession management with a right to prolong the management term for other 10 years. --0---

19:59 09.06.2014

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