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Russia Realizes Political Importance Of Agreement

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  • Russia Realizes Political Importance Of Agreement

    RUSSIA REALIZES POLITICAL IMPORTANCE OF AGREEMENT

    Lragir
    Feb 13 2008
    Armenia

    On February 13 the Armenian minister of transport and communication
    Andranik Manukyan, and the head of the Russian Railways Vladimir
    Yakunin and the general manager of the South Caucasian Railways
    Company Alexander Kuznetsov signed the agreement on the concession
    of the Armenian Railways to the South Caucasian Railways. The Russian
    Railways is a guarantor of the concession.

    The minister of transport and communication Andranik Manukyan said
    the Russian party has committed to investing 570 million dollars over
    thirty years, half of which will be invested in the first five years.

    "We realize that although we signed an agreement on railways, in
    reality it is an agreement between the Russian Railways and the
    Armenian government. Therefore, we realize the political importance
    of this agreement and we realize the responsibility that the parties
    of the agreement assume," Yakunin said. He said hopeful that this
    agreement will be followed by other similar agreements which will
    unite not only railway systems but also nations, governments and
    hearts, ARKA reports.
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