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In 2010 The Fund Of The Investment Program Of "South Caucasian Railw

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  • In 2010 The Fund Of The Investment Program Of "South Caucasian Railw

    IN 2010 THE FUND OF THE INVESTMENT PROGRAM OF "SOUTH CAUCASIAN RAILWAY" MAKES 1141 MILLION RUBLE

    ARMENPRESS
    AUGUST 10, 2010
    YEREVAN

    About 1900 cargo wagons work today in "South Caucasian Railway"
    CJSC. The part of them is completely new; the other part has been
    transferred from "Armenian Railway" company.

    Press Secretary of "South Caucasian Railway" company Vahe Davtyan told
    Armenpress that at the moment the works carried out in this sphere
    are continued, particularly, within the frameworks of repair of the
    rolling-stock got from "Armenian Railway" by concession contract.

    Nearly 120 million rubles have been spent on wagon economy in 2009,
    which is the 5% of the railway investment program. And in the running
    year 106 million rubles are intended for wagon economy, which will
    make the 9.3 % of the investment program.

    About 5500 rubles are intended in 2008-2010 for updating of
    the infrastructures within the frameworks of the commitments
    of "South Caucasian Railway" investment program intended by a
    concession contract, and the fund for improvement of the works of
    the rolling-stock makes about 3350 million rubles. This year the
    commitments will be fulfilled in 125% against the 82 and 94 percents
    of the last two years.

    Referring to the diversity of the transported cargos, the press
    secretary noted that "South Caucasian Railway" currently implements
    transportation of cement, oil and other products. In the first 5 months
    of 2010 nearly 976 million tone cargo transportation was intended to
    implement, but that number has made over 1 billion tone.

    The annual cargo transportation capacity of the railway is annually
    50 million tone on average, and the passenger one - 5.5 million. But
    these data are calculated for all the four direction of the borders
    of the Republic - Ayrum-Sadakhlu, Akhuryan-Dogukapi, Yeraskh-Veligad,
    Ijevan-Barkhudaghli, while currently only the railway of the first
    direction works.




    From: A. Papazian
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