Armenian railways should comply with best international standards: Prime Minister
28.10.2011,
21:39
Armenia has set a difficult but worthy goal of making its railways to comply with best international standards, Armenian prime minister Tigran Sarkisian said today when speaking at the 55-th meeting of CIS Railways Transport Council.
YEREVAN, October 28. / ARKA /. Armenia has set a difficult but worthy goal of making its railways to comply with best international standards, Armenian prime minister Tigran Sarkisian said today when speaking at the 55-th meeting of CIS Railways Transport Council.
He said over the last nine months of 2011 Armenian economy expanded by 5%, which he attributed to the dynamics of trade in Armenia’s partner countries and to the economic policy of the government. He said economic growth has a direct impact on trade between Armenia and its trading partners.
Tigran Sarkisian said the country’s foreign trade in the first eight months of this year rose by 25%, with exports growing by 30% and imports by 17%.
According to updated official statistics, Armenia’s foreign trade in September this year amounted to $525.3 million, or 195.4 billion drams, having increased by 26.7% from a year earlier. Exports in September this year amounted to $142.9 million (53.2 billion drams), an increase of 48.4% over the same period in 2010, and imports to $382.4 million (142.2 billion drams), an increase of 20.1%.
"Obviously, this growth was reflected in the growth of rail freight services, as for some types of commodities there is no alternatives, " Sarkisian said, noting that as the economy recovers the number of passengers using railway is also increasing.
The Russian-owned South Caucasus Railways company, operating Armenia’s railroads, transported 2.370.1 million metric tons of cargo in the first nine months of 2011, by 8.3% more than in the same time span in 2010.
The total volume of passenger transportation in the first eight months compared to the same period in 2010 decreased by 1.2% to 20.1 million people.
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-
He said over the last nine months of 2011 Armenian economy expanded by 5%, which he attributed to the dynamics of trade in Armenia’s partner countries and to the economic policy of the government. He said economic growth has a direct impact on trade between Armenia and its trading partners.
Tigran Sarkisian said the country’s foreign trade in the first eight months of this year rose by 25%, with exports growing by 30% and imports by 17%.
According to updated official statistics, Armenia’s foreign trade in September this year amounted to $525.3 million, or 195.4 billion drams, having increased by 26.7% from a year earlier. Exports in September this year amounted to $142.9 million (53.2 billion drams), an increase of 48.4% over the same period in 2010, and imports to $382.4 million (142.2 billion drams), an increase of 20.1%.
"Obviously, this growth was reflected in the growth of rail freight services, as for some types of commodities there is no alternatives, " Sarkisian said, noting that as the economy recovers the number of passengers using railway is also increasing.
The Russian-owned South Caucasus Railways company, operating Armenia’s railroads, transported 2.370.1 million metric tons of cargo in the first nine months of 2011, by 8.3% more than in the same time span in 2010.
The total volume of passenger transportation in the first eight months compared to the same period in 2010 decreased by 1.2% to 20.1 million people.
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-
