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Russian Railways Company Dismisses Armenian Authorities' Criticism

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  • Russian Railways Company Dismisses Armenian Authorities' Criticism

    RUSSIAN RAILWAYS COMPANY DISMISSES ARMENIAN AUTHORITIES' CRITICISM

    Mediamax
    March 19 2009
    Armenia

    Yerevan, 19 March: General Director of "South Caucasus Railroad"
    CJSC (SCR) Shevket Shaydullin stated that the statements of Armenian
    Minister of Transport concerning the SCR "may undermine the image of
    a large-scale project, which is realized at the level of two friendly
    countries - Armenia and Russia".

    As Mediamax was told in the press service of SCR today, Shevket
    Shaydullin's open letter to the Minister of Transport and Communication
    of Armenia Gurgen Sargsyan reads this.

    "Today we are establishing the necessary perquisites to secure
    long-term efficiency and financial stability of Armenia's railroad
    transport. Our goal is improvement of the quality of consumer services,
    increase of transport production scales and deep integration into
    Eurasian transport-logistics system. However, to realize the mentioned
    strategy, we need the understanding and correct attitude from the
    part of corresponding state structures", Head of SCR stated.

    Shevket Shaidullin expressed discontent by the statements of the
    Minister, made on 17 March, according to which in 2008 the investment
    program of SCR was fulfilled only for 28 per cent of the planned
    volume, and the leadership of the company had not implemented certain
    items of the concession agreement.

    "The volume of SCR investments in 2008 made R2.5bn (by movement of
    funds), of which about R1bn was used (introduction of assets). The
    remaining part of the means is being transferred to the investment
    program for the year of 2009. Within the framework of Concession
    agreement implementation, assets at the sum of R612m are introduced,
    which makes 61 per cent of the Concessionaire's commitments in
    2008. Early this year, SCR and the Ministry of Transport and
    Communication of Armenia set up a joint commission to monitor
    the concession agreement implementation. Within the framework of
    our cooperation, 3 meetings have already been held. During those
    meetings a common vision of the problems and the ways to solve them
    were elaborated. However, the form of the dialogue you have adopted
    does not provide for constructiveness and effectiveness. The problems
    the railroad transport of Armenia faces are so complex as to require
    constant attention and consideration", the open letter of SCR Head
    reads.
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