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Armenian Leader, Russian Railways Chief Discuss Ties

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  • Armenian Leader, Russian Railways Chief Discuss Ties

    ARMENIAN LEADER, RUSSIAN RAILWAYS CHIEF DISCUSS TIES

    Mediamax
    June 12 2009
    Armenia

    Yerevan, 12 June: Armenian President [Serzh Sargsyan] and President
    of Russian Railways Vladimir Yakunin discussed the current state of
    and prospects for development of Armenian railroads at a meeting held
    in Yerevan today.

    The president of Russian Railways briefed Sargsyan on his impressions
    on an exhibition of railroads goods held in Yerevan organized by
    Armenian businessmen and the leadership of South Caucasus Railways,
    the press service of the Armenian president has told Mediamax.

    Yakunin pointed out that a number of products demonstrated in the
    exhibition are still being used both in Armenia and Russia, since the
    quality-price ratio is quite attractive. Moreover, the head of Russian
    Railways said that his company always prefers local manufacturers.

    The two men also discussed the implementation of the concession
    agreement, in particular, projects on modernization of the Armenian
    railroads, the maintenance of rolling stocks and rails, their upgrade
    and increase in the speed of trains, as well as the creation of a
    system for cargo transportation via an optimal route within a short
    period and at a minimal price.

    Yakunin said that works recently carried out by South Caucasus Railways
    in general satisfy him, and serious steps have been taken to increase
    the efficiency of the management of the Armenian railroads. The head
    of Russian Railways assured the Armenian president that all investment
    commitments will be fulfilled.
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