Russian railways to deliver eight locomotives to Armenia
04.06.2008,
15:18
The Russian Railways Company is to deliver eight electric locomotives to Armenia within the next two months, RA Minister of Transport and Communications Gurgen Sargsyan told reporters.
YEREVAN, June 3. /ARKA/. The Russian Railways Company is to deliver eight electric locomotives to Armenia within the next two months, RA Minister of Transport and Communications Gurgen Sargsyan told reporters.
Under the concession agreement the Russian side is to make its initial investments in passenger transportation, G. Sargsyan said.
He pointed out that the Armenian Railways Company was transferred to the Russian Railways Company under a concession on June 1, 2008.
“Thus, from June 1, the South Caucasian Railway is in charge of the traffic,” the Minister said.
The South Caucasian Railway Company is fully owned by the Russian Railways Company. It was founded to manage the Armenian Railways Company.
On January 16, 2008, the Russian Railways Company won a tender for concession of the Armenian Railways Company. Under a financial offer announced late last year, the Russian company pledged to invest $570mln in the Armenian Railways Company. A total of $230mln were to be invested during the following five years.
The Armenian Railways Company is in charge of 805km out of 1,125km railways. Since 2001, the company has been operating with profit. Last year, the company transported a total of 3mln tons of freights against 2.7mln tons in 2006. –0--
Under the concession agreement the Russian side is to make its initial investments in passenger transportation, G. Sargsyan said.
He pointed out that the Armenian Railways Company was transferred to the Russian Railways Company under a concession on June 1, 2008.
“Thus, from June 1, the South Caucasian Railway is in charge of the traffic,” the Minister said.
The South Caucasian Railway Company is fully owned by the Russian Railways Company. It was founded to manage the Armenian Railways Company.
On January 16, 2008, the Russian Railways Company won a tender for concession of the Armenian Railways Company. Under a financial offer announced late last year, the Russian company pledged to invest $570mln in the Armenian Railways Company. A total of $230mln were to be invested during the following five years.
The Armenian Railways Company is in charge of 805km out of 1,125km railways. Since 2001, the company has been operating with profit. Last year, the company transported a total of 3mln tons of freights against 2.7mln tons in 2006. –0--
