SCR investment program hits AMD 6 bln in 2013
29.05.2013,
15:12
The investment program of the South Caucasus Railway (SCR) company will value at 6 billion drams in 2013, SCR General Director Viktor Rebets told reporters on Tuesday.
YEREVAN, May 29./ARKA/. The investment program of the South Caucasus Railway (SCR) company will value at 6 billion drams in 2013, SCR General Director Viktor Rebets told reporters on Tuesday.
“The amount is big, and most of it will be allocated to the infrastructure improvement,” Rebets said responding to ARKA during the opening of the locomotive and wagon-repair depot in Gyumri, Armenian second largest city.
The SCR infrastructure, according to him, embraces train tracking management, energy supply, track facilities, and most of the investments will be distributed to repairing the depot.
Over 640 million drams was injected into the wagon-repair depot from 2012 to 2013.
He also reminded the working conditions of the depot have been improved : ventilation system has been installed, new equipment has been bought, etc.
Labor productivity, according to Rebets, rose by almost 15% in 2012, the real salaries increased by 10%. Average salaries at the company exceed average salaries across Armenia by 42%, he highlighted.
Rebets also noted the further increases in salaries will depend on the further development of the company.
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-
