South Caucasus Railways’ investment program for 2014 to cost AMD 7.5 billion
30.07.2013,
18:47
South Caucasus Railways CJSC’s investment program for 2014 will amount to AMD 7.5 billion against the previous year’s 6.3 billion, Viktor Rebets, CEO of the company, said in an interview with ARKA News Agency.
YEREVAN, July 30. /ARKA/. South Caucasus Railways CJSC’s investment program for 2014 will amount to AMD 7.5 billion against the previous year’s 6.3 billion, Viktor Rebets, CEO of the company, said in an interview with ARKA News Agency.
“We will put special emphasis on creation of technologies connected with the train separation system of traffic regulation system, i.e. a system of semi-automatic blocking, as well as on automation of our switch facilities at stations and reinforcement of our railway facilities,” he said.
Fore example, he said, the reconstruction of our motive-power depot in Gyumri has made it possible to change periodicity of repairs of locomotives, get rid of outside contractors and increase periods between repairs.
“Before that, we repaired cars every year, without taking into account how many kilometers they have run, while now we see their mileages, and taking into account short distances in Armenia, we can say that the periodicity of repairs will shrank twice (once in two years),” Rebets said. “We won’t pay for that many times – it can serve for at least one decade.”
Rebets also stressed that in 2008, when the company came to Armenia, there were 420 derailing cases, and in 2012 their number reduced to five thanks to investments in the infrastructure, particularly to the repair of 300 kilometers of railways.
Speaking about plans for the next year, Rebets said that the process of creation of the unified data transmission network from the final to the first stations as well as fortification of bridges will be completed in 2014.
“We built three bridges in 2012. This year we are fortifying three other bridges, but are not building new ones, since there is no necessity to do this.”
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. ($1 – AMD 410.30).---0---
“We will put special emphasis on creation of technologies connected with the train separation system of traffic regulation system, i.e. a system of semi-automatic blocking, as well as on automation of our switch facilities at stations and reinforcement of our railway facilities,” he said.
Fore example, he said, the reconstruction of our motive-power depot in Gyumri has made it possible to change periodicity of repairs of locomotives, get rid of outside contractors and increase periods between repairs.
“Before that, we repaired cars every year, without taking into account how many kilometers they have run, while now we see their mileages, and taking into account short distances in Armenia, we can say that the periodicity of repairs will shrank twice (once in two years),” Rebets said. “We won’t pay for that many times – it can serve for at least one decade.”
Rebets also stressed that in 2008, when the company came to Armenia, there were 420 derailing cases, and in 2012 their number reduced to five thanks to investments in the infrastructure, particularly to the repair of 300 kilometers of railways.
Speaking about plans for the next year, Rebets said that the process of creation of the unified data transmission network from the final to the first stations as well as fortification of bridges will be completed in 2014.
“We built three bridges in 2012. This year we are fortifying three other bridges, but are not building new ones, since there is no necessity to do this.”
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. ($1 – AMD 410.30).---0---
