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The Messenger, Georgia
Feb 15 2008
Armenian Railways transferred to Russian hands
By M. Alkhazashvili
(Translated by Diana Dundua)
Friday, February 15
On February 13 a contract was signed to transfer management of
Armenian Railways to South Caucasus Railways, a daughter company of
state-owned Russian Railways.
After the signing, Armenian Transport Minister Manukyan told
journalists that South Caucasus Railways plans to investment a total
of USD 570 million in improving the rail network.
Russian Railways director Vladimir Yakunin said investment would also
go toward improving connections with the Georgian, Turkish and
Iranian rail networks, the news agency Regnum reports.
Russian Railways has management rights to the network for 30 years
with a possible 20-year extension.
From: Emil Lazarian | Ararat NewsPress
Feb 15 2008
Armenian Railways transferred to Russian hands
By M. Alkhazashvili
(Translated by Diana Dundua)
Friday, February 15
On February 13 a contract was signed to transfer management of
Armenian Railways to South Caucasus Railways, a daughter company of
state-owned Russian Railways.
After the signing, Armenian Transport Minister Manukyan told
journalists that South Caucasus Railways plans to investment a total
of USD 570 million in improving the rail network.
Russian Railways director Vladimir Yakunin said investment would also
go toward improving connections with the Georgian, Turkish and
Iranian rail networks, the news agency Regnum reports.
Russian Railways has management rights to the network for 30 years
with a possible 20-year extension.
From: Emil Lazarian | Ararat NewsPress