South Caucasus Railways and Yakutia Railways to expand bilateral cooperation

South Caucasus Railways and Yakutia Railways to expand bilateral cooperation

YEREVAN, March 19. / ARKA /. Viktor Rebets, the chief executive officer of the South Caucasus Railway (SCR), a Russian company operating Armenia’s railroads and Vasily Shimokhin, the chief executive officer of Russian Yakutia Railways, signed today an agreement to boost bilateral cooperation, the SCR said in a news release.

Under the agreement, the two companies will exchange experiences in the organization of rail freight and passenger services, maintenance of rolling stock and train safety.  They will also cooperate in the field of information and image policy, procedures and corporate governance activities.

Vasily Shimohin was quoted as saying that despite some commonalities between the two companies, Yakutia Railways experiences a shortage of qualified personnel. He said he would send 15 employees to Armenia to learn Armenian colleagues’ experience.

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 10 years. -0-

17:17 19.03.2014

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