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South-Caucasian Railways Intends To Create International Logistics C

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  • South-Caucasian Railways Intends To Create International Logistics C

    SOUTH-CAUCASIAN RAILWAYS INTENDS TO CREATE INTERNATIONAL LOGISTICS CENTER ON ARMENIAN-TURKISH BORDER

    ARKA
    Apr 24, 2009

    YEREVAN, April 24. /ARKA/. South-Caucasian Railways intends to
    create International Logistics Center on Armenian-Turkish border,
    the company's press office reports.

    "Taking into account a rally in Armenia-Turkey dialogue aimed at
    resumption of diplomatic relations and restoration of the railway
    link between the two countries, South-Caucasian Railways decided to
    open a subsidiary of organization - International Logistics Centre",
    the report says.

    The center will offer swift and affordable shipment on the most optimal
    route and with minimal harm for cargoes. The centre will be based on
    border station Akhuryan, which will be leased to the center.

    The centre is planned to be a subsidiary society of South-Caucasian
    Railways. Metexim Ltd is expected to have share in it.

    The idea has already been approved by Russian Railways OJSC.Elaboration
    of a business plan is under way now.

    The South-Caucasian Railway CJSC is concession manager of the Armenian
    Railway Company. South-Caucasian Railway, fully owned by the Russian
    Railways Company, listed in its fixed assets the rolling stock of
    the Armenian Railways on June 1, 2008, under a concession contract
    of February 13, 2008.

    There are no diplomatic relations between Armenia and Turkey and the
    state border has been closed since 1993 on Ankara's initiative.

    Turkey has set a number of pre-conditions for improving bilateral
    relations, namely, Armenia's abandoning the policy of international
    recognition of the Armenian Genocide and recognizing Turkey's
    present-day borders.

    The thaw in relations between the two countries began from Turkish
    President Abdullah Gul's visit to Yerevan on September 6, 2008. He
    came to Armenia at his Armenian counterpart Serzh Sargsyan's invitation
    to attend a 2010 World Cup qualifier in Yerevan.

    From: Emil Lazarian | Ararat NewsPress
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