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South Caucasus Railways To Be Rebranded

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  • South Caucasus Railways To Be Rebranded

    SOUTH CAUCASUS RAILWAYS TO BE REBRANDED

    ARKA
    Dec 24, 2009

    YEREVAN, December 24, /ARKA/. The South Caucasus Railways (SCR) company
    CEO Shevket Shaidulin said today the company will be re-branded next
    year. Speaking at the last news conference this year he said the
    company will change its 'face' to meet international standards.

    Earlier the South Caucasus Railway company had asked the government
    of Armenia to grant it the status of an international company, which
    Shaidulin said will it to join international transport and logistical
    organizations and provide it with an opportunity of equal cooperation
    with railways companies from neighbouring countries.

    According to Shaidulin, the new status will also help promote Armenia's
    interests in international organizations and become more attractive in
    terms of investments attraction. He said the unfolding developments
    in the South Caucasus, especially those related to the opening of
    the border and plans for construction of Iran-Armenia railway may
    radically change the external and internal environment of the Armenian
    economy, including the role of railroads in the country's economic
    and political life.

    Today he said the company's name will not be changed, but its logo
    will be different and new approaches towards work organization will
    be enforced.

    'We are positioning the company on the international level and
    therefore we should be perceived by Europeans as a serious company,'
    he said.

    In 2007 the Armenian government called tenders for a 30-year
    concession to modernize and operate Armenian Railways. An Indian
    RITES and Russian Railways qualified to bid, but the Indian company
    withdrew. The Russian Railways was the only bidder and has set up
    South Caucasian Railway as a subsidiary to run the Armenian Railway.

    The concession agreement was concluded for 30 years, with a right
    of extension for another 20 years after the first 20 years of
    operation.

    From: Emil Lazarian | Ararat NewsPress
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