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Cost Of Export Rail Transit Of Cement Down 30% In Armenia

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  • Cost Of Export Rail Transit Of Cement Down 30% In Armenia

    COST OF EXPORT RAIL TRANSIT OF CEMENT DOWN 30% IN ARMENIA

    ARKA
    March 2, 2009

    YEREVAN, March 2. /ARKA/. The cost of export rail transit of cement
    has been reduced by 30% provided the traffic is guaranteed.

    The press service of the South-Caucasian Railway CJSC reported that
    the cost of transportation was reduced as a result of discussions of
    the terms of transportation for 2009. The terms were agreed between
    the South-Caucasian Railway Company and the Armenian cement producers.

    A 10% discount is in effect for fixed-route transportation of raw
    materials.

    Also, as a result of cooperation with the Georgian Railways, the
    South-Caucasian Railway Company plans to reduce the cost of container
    traffic.

    Although the South-Caucasian Railway CJSC is currently operating
    in the red, amid the rising prices for the main energy resources,
    the company management decided to implement a flexible tariff policy
    to temper the impact of the global economic crisis on the Armenian
    economy and support Armenian exporters, the report says.

    The South-Caucasian Railway CJSC is concession manager of the Armenian
    Railway Company. South-Caucasian Railway, fully owned by the Russian
    Railways Company, listed in its fixed assets the rolling stock of
    the Armenian Railways on June 1, 2008, under a concession contract
    of February 13, 2008.

    From: Emil Lazarian | Ararat NewsPress
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