South Caucasus Railways transported about 2.050 million tons of Cargo in the first eight months
YEREVAN, September 23. / ARKA /. The South Caucasus Railways (SCR), a Russian-owned company operating Armenia’s railroads, said it had transported about 2.050 million tons of cargo in the first eight months of this year, a 9.5 percent rise from the year earlier.
The company transported 311,000 tons of cargo outside Armenia, by 1.9 percent more from the year before and brought in 714,700 tons of cargo, by almost 20 percent less year-on-year.
Domestically the company transported 1.024 million tons of cargo, by 4.8 percent less than in the first eight months of 2012.
The company said its CEO, Victor Rebets, instructed his subordinates to look into the situation and prepare measures to ensure growth in freight volumes.
South Caucasus Railways is a 100% subsidiary of state-run Russian Railways that was awarded a concesional management of SCR. The 30 year contract was signed in 2008. It can be prolonged for another 10 years. -0-