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'South Caucasus Railway' Not To Raise Tariffs In 2009

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  • 'South Caucasus Railway' Not To Raise Tariffs In 2009

    'SOUTH CAUCASUS RAILWAY' NOT TO RAISE TARIFFS IN 2009

    ArmInfo
    2009-02-25 14:56:00

    ArmInfo. 'South Caucasus Railway' [SCRW] is not going to raise
    tariffs in 2009, director general of SCRW, Shevket Shaydullin,
    told journalists.

    At the same time he added the company has all the grounds to raise
    tariffs taking into consideration growth of prices for energy
    resources. He said that the company led by him is trying to reduce
    expenses via the coordinated management. The SCRW is going to conduct
    the tariff policy depending on some factors including the category
    of client. 'The first category are bog corporative clients, ensuring
    about 80% of our income. The second - small and medium-sized business
    and the third - private clients which implement one-off railing. Every
    of these three segments require individual approach.

    For instance, there are shippers which can pay for shipment only
    after payment of a buyer. For them we are drawing out the way for
    application of factoring machinery together with VTB-Armenia Bank',
    - director general of SCRW said.

    He also added that at present the company is staring to introduce 10%
    discount for the route directions and has already reduced tariffs in
    several shipment contracts. He also recalled about 30% reduction of
    tariffs for cement shipment in December 2008.
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