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ARMENIAN PRIME MINISTER: PASSING ARMENIAN RAILWAY FOR OPERATION UNDER
CONCESSION AGREEMENT PROCEEDS FROM INTERESTS OF ARMENIA
YEREVAN, FEBRUARY 7, NOYAN TAPAN. At the February 7 sitting, the
Armenian government approved the draft concession agreement between the
Republic of Armenia (concedent), Russian Railways OJSC and South
Caucasian Railway CJSC (concessionaire) on passing the Armenian
railroad system to South Caucasian Railway CJSC, NT was informed by the
RA Government Information and PR Department.
The RA minister of transport and communication was instructed to sign
on behalf of the Republic of Armenia the concession agreement on
passing the Armenian railroad system to South Caucasian Railway CJSC -
he will act as representative of the concedent.
The Armenian prime minister Serge Sargsian said that passing the
Armenian railroad system for operation under the concession agreement
is an important decision that proceeds from the interests of our
country. "There are problems in our railway, investments need to be
made. The state has difficulties with making investments, and if we
fail to deal with the railway problem, we will not be able to solve the
problem of rapid economic development," Serge Sargsian said in
connection with the draft's adoption.
CONCESSION AGREEMENT PROCEEDS FROM INTERESTS OF ARMENIA
YEREVAN, FEBRUARY 7, NOYAN TAPAN. At the February 7 sitting, the
Armenian government approved the draft concession agreement between the
Republic of Armenia (concedent), Russian Railways OJSC and South
Caucasian Railway CJSC (concessionaire) on passing the Armenian
railroad system to South Caucasian Railway CJSC, NT was informed by the
RA Government Information and PR Department.
The RA minister of transport and communication was instructed to sign
on behalf of the Republic of Armenia the concession agreement on
passing the Armenian railroad system to South Caucasian Railway CJSC -
he will act as representative of the concedent.
The Armenian prime minister Serge Sargsian said that passing the
Armenian railroad system for operation under the concession agreement
is an important decision that proceeds from the interests of our
country. "There are problems in our railway, investments need to be
made. The state has difficulties with making investments, and if we
fail to deal with the railway problem, we will not be able to solve the
problem of rapid economic development," Serge Sargsian said in
connection with the draft's adoption.