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Agreement On Concessionary Management Of Armenian Railways By Russia

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  • Agreement On Concessionary Management Of Armenian Railways By Russia

    AGREEMENT ON CONCESSIONARY MANAGEMENT OF ARMENIAN RAILWAYS BY RUSSIAN RAILWAYS TO BE REVIEWED

    NOYAN TAPAN
    AUGUST 6 2009
    YEREVAN

    At the August 6 sitting, the Armenian government took a decision on
    making amendments and additions to the concession agreement on passing
    Armenian Railways to South Caucasus Railways CJSC (set up by Russian
    Railways) for concessionary management.

    In the words of RA Minister of Transport and Communication Gurgen
    Sargsyan, during the meeting of the Armenian delegation and the
    management of Russian Railways company, the sides agreed to make
    some amendments and additions to the concession agreement. "In the
    course of one-year joint work done under the concession agreement,
    some flaws have been revealed and must be eliminated," the minister
    said, adding that the edited version of the agreement will contain
    a provision on the order of establishing railway tariffs.

    According to RA Prime Minister Tigran Sargsyan, the edited version
    envisages creating a joint working group, whose consideration is
    required for a change in tariffs.
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