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SCRW Summarized Fulfillment Results For 9-Month Investment Budget

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  • SCRW Summarized Fulfillment Results For 9-Month Investment Budget

    SCRW SUMMARIZED FULFILLMENT RESULTS FOR 9-MONTH INVESTMENT BUDGET

    PanARMENIAN.Net
    15.10.2009 19:07 GMT+04:00

    /PanARMENIAN.Net/ According to South Caucasian Railways CJSC monitoring
    service- provided data, 443,8 rubles of concessionary investments
    were allocated within the last 9 months, SCRW press service reported.

    371,3 million rubles were attained through SCRW loan proceeds and
    72,5 million rubles provided though SCRW internal funds.

    As of the end of accounting period, unfinished capital investments
    comprised 178,1 million rubles.

    SCR CJSC is a 100% shareholder of "Russian Railways" OJSC. Armenian
    Railways CJSC was transferred to South Caucasian Railway's
    concessionary management under a concessionary agreement dated
    February 13, 2008. The agreement was signed for the term of 30 years,
    with possible extension of 10 years.
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