Rolling Stock of Armenian Railways on Balance Account of South Caucasian Railway
03.06.2008,
02:20
The South Caucasian Railway made a decision on June 1 to include the rolling stock of the Armenian Railway CJSC into its balance account under the concession signed on February 13, 2008 on transferring the Armenian railway system to the South Caucasian Ra
YEREVAN, June 2. /ARKA/. The South Caucasian Railway made a decision on June 1 to include the rolling stock of the Armenian Railway CJSC into its balance account under the concession signed on February 13, 2008 on transferring the Armenian railway system to the South Caucasian Railway.
The company has recruited its staff and has launched economic and industrial activities on carriage by rail, cargo transportation, as well as commercial and organizational activities of the Armenian Railway.
At present, the Caucasian Railway is studying the infrastructure and is making feasibility analysis on the Armenian company.
The objective of the South Caucasian Railway is to ensure uninterrupted operation of the Armenian railway system. To achieve this goal, the company must improve the local railway system.
The purpose of the South Caucasian Railway is to reconstruct Armenia’s railroad way, improve the rolling stock both of cargo and passenger railway transport, as well as to speed up railway transport, improve services and train the staff.
The company also plans to develop Yerevan-Batumi and Yerevan-Poti railway communication.
Included in the group of the Russian Railways, the South Caucasian Railway is to manage the Armenian Railway CJSC.
The Armenian Railway manages 805km long railway lines and 1,125 km long railways in Armenia. The company has been bringing fixed income since 2001. The Armenian Railway transported 3mln tons of goods last year against 2.7mln tons in 2006.
On January 16, 2008, the Russian Railway won the bids on the Armenian Railway and now runs the company. The Russian Railway stated last year it plans to invest $570mln with $230mln being allotted in the coming five years. –0-
The company has recruited its staff and has launched economic and industrial activities on carriage by rail, cargo transportation, as well as commercial and organizational activities of the Armenian Railway.
At present, the Caucasian Railway is studying the infrastructure and is making feasibility analysis on the Armenian company.
The objective of the South Caucasian Railway is to ensure uninterrupted operation of the Armenian railway system. To achieve this goal, the company must improve the local railway system.
The purpose of the South Caucasian Railway is to reconstruct Armenia’s railroad way, improve the rolling stock both of cargo and passenger railway transport, as well as to speed up railway transport, improve services and train the staff.
The company also plans to develop Yerevan-Batumi and Yerevan-Poti railway communication.
Included in the group of the Russian Railways, the South Caucasian Railway is to manage the Armenian Railway CJSC.
The Armenian Railway manages 805km long railway lines and 1,125 km long railways in Armenia. The company has been bringing fixed income since 2001. The Armenian Railway transported 3mln tons of goods last year against 2.7mln tons in 2006.
On January 16, 2008, the Russian Railway won the bids on the Armenian Railway and now runs the company. The Russian Railway stated last year it plans to invest $570mln with $230mln being allotted in the coming five years. –0-
