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  • State Of Railways Is Problematic

    STATE OF RAILWAYS IS PROBLEMATIC

    Lragir, Armenia
    Feb 7 2008

    The government of Armenia has approved the draft concession agreement
    the Russian Railways and the South-Caucasian Railways are going to
    sign to transfer the Armenian railway network to the South-Caucasian
    Railways. It happened during the meeting of government on February 7.

    The minister of transport and communication Andranik Manukyan was
    instructed to sign the concession on transferring the Armenian railway
    network to the South Caucasian Railways. Prime Minister Serge Sargsyan
    said the concession of the railways is an important decision which
    stems from the interests of our nation. "The state of the railways
    is problematic, investments are necessary. We have difficulty making
    investments, and if we are unable to solve the problem of railways,
    we cannot have the economy develop fast," Serge Sargsyan said in
    connection with affirming the draft agreement.
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