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South Caucasus Railways To Invest Over 14 Billion Rubles In 2

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  • South Caucasus Railways To Invest Over 14 Billion Rubles In 2

    SOUTH CAUCASUS RAILWAYS TO INVEST OVER 14 BILLION RUBLES IN 2008-2038

    PanARMENIAN.Net
    06.04.2009 14:48 GMT+04:00

    /PanARMENIAN.Net/ South Caucasus Railways CJSC will fulfill its
    concession agreement and invest over 14 billion rubles.

    The investments amounted 2.5 billion rubles (cash budget), 1 billion
    of which was realized through basic assets, the SCR press office
    told PanARMENIAN.Net.

    The rest of the funds will be passed on to 2009 investment program.

    Actually, 61.14% of concession obligations was fulfilled. At that,
    75.74 million was spent on infrastructure modernization.

    Investment program for 2009 will total 2.8 million.
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