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Armenian Prime Minister: South Caucasus Railway Launches An Interest

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  • Armenian Prime Minister: South Caucasus Railway Launches An Interest

    ARMENIAN PRIME MINISTER: SOUTH CAUCASUS RAILWAY LAUNCHES AN INTERESTING PROGRAM CONNECTED WITH REST AT LAKE SEVAN

    ArmInfo
    2009-07-15 14:38:00

    ArmInfo. CJSC South Caucasus Railway (SCR) is launching an
    unprecedented program in Armenia, Armenian Prime Minister Tigran
    Sargsyan told journalists in Yerevan, Wednesday. According to him,
    the company offers people to have a rest at Lake Sevan. In this
    connection, SCR opened a Yerevan- Shorzha , which includes 2-day
    stay in carriages in Sevan. "If you compare this opportunity with
    other variants, you'll make sure that SCR proposal is more profitable
    from the financial viewpoint",- the prime minister said and expressed
    confidence that thousands of Armenian citizens will give the preference
    to this variant.

    To note, the Armenian Railway is the branch of Russian Railway
    OJSC. The term of the concession management is 30 years, and it may
    be prolonged for 20 more years. In 2009 it is envisaged to invest
    71.5 mln USD in development of Armenian railway. The financial means
    will be spent on purchase and modernization of the existent train,
    purchase of the necessary facilities and equipment. At present the
    total volume of SCR CJSC in the Armenian railway network made up about
    107.3 mln USD. According to the concessional agreement, investments
    are to amount to 580 mln USD with distribution throughout the whole
    period of concession.
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