YEREVAN, October 18. / ARKA /. The Russian-run South Caucasus Railways, operating Armenia’s railroads, said today it had transported 2.553.9 million tons of cargoes in the first nine months of 2012, a 7.8 percent year-on-year growth.
The company said it had transported outside the country 348,900 metric tons of goods, a 6.8 percent year-on-year rise and brought to the country 996,600 tons of cargo, by 0.4 percent more from a year earlier. The volume of domestically transported cargo grew by 15 percent to 1.208.4 million metric tons. The company said also that the average weight of a freight train increased by almost 5% reaching 1,441 tons against last year’s 1376 tons.
"The South Caucasus Railways is gradually increasing its performance indicators, including the volume of freight. These results were due to introduction of a flexible tariff policy aimed at reducing transport costs," the press release says.
South Caucasus Railways, a 100-percent subsidiary of Russian Railways, runs Armenian Railway. Armenian Railways was handed over to the South Caucasus Railways on February 13, 2008 for 30-year concession management with a right to prolong the management term for other 10 years. -0-