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Russian railway concessionary manager of Armenian railways for 30yrs

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  • Russian railway concessionary manager of Armenian railways for 30yrs

    Public TV, Armenia
    Jan 16 2008


    RUSSIAN RAILWAYS CONCESSIONARY MANAGER OF ARMENIAN RAILWAYS FOR NEXT
    30 YEARS


    [Presenter] Today the results of the tender for concessionary
    management of the Armenian railways were officially announced. In the
    coming thirty years this type of transportation will be managed in
    our country by the Russian Railways company. Today [Armenian]
    Minister of Transport and Communication Andranik Manukyan, on behalf
    of the Armenian government, signed a memorandum of understanding with
    the president of the Russian Railways, Vladimir Yakunin. The
    company's business plan for the Armenian section will be ready in a
    month, although it is known already now that the manager promises to
    pay to the budget about 8.5m dollars as an entry fee or a
    concessionary fee and - four investment options in the future. [Video
    shows Manukyan and Vladimir Yakunin signing a document]

    [Armenian Minister of Transport and Communication Andranik Manukyan
    speaking] If the Armenian Railway remains in this condition, the
    investments suggested are 570m dollars. The second option - if the
    railway communications with Turkey opens - thus, about 610m dollars.
    If the communication with Azerbaijan opens as well - the volume of
    investments makes about 1.8bn dollars. If the Abkhaz railway opens as
    well - that is in general the railway communication open - the
    Russian Railways suggest investments of about 2.2bn dollars.

    [Vladimir Yakunin speaking in Russian with Armenian voice-over
    translation] Our company got an income of R974bn form the total
    operations of the railways in the last year. The investment rating of
    the Russian Railway, which is at the stage of reorganization, is
    equal to the rating of the state. Only this company has such a rating
    in the [Russian] Federation. [Video shows Vladimir Yakunin speaking
    at a meeting]
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