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SCR Takes Part In TRACECA Session

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  • SCR Takes Part In TRACECA Session

    SCR TAKES PART IN TRACECA SESSION

    ArmInfo
    2010-02-17 11:54:00

    ArmInfo. South Caucasus Railway CJSC took part in the session of
    TRACECA (Transport Corridor Europe-Caucasus-Asia) held on February
    11-14 in Istanbul, Turkey.

    Within the frames of the Session, Head of the press service
    Vahe Davtyan held a presentation of SCR CJSC in the context of
    transformations of the regional and international geopolitical
    architecture with introduction of the Company's missions, its strategic
    aims and goals, investment policy for 2010 and key indicators of
    activity for 2008-2009. SCR representative introduced the priority
    projects being currently implemented by the Company. In particular,
    special attention was paid to the project of construction of the
    international Logistic Center on the Armenian-Turkish border (Akhuryan
    station). V. Davtyan presented the Logistic Center's business-model to
    the audience consisting of representatives of transport agencies and
    companies of TRACECA member-states. The model comes to creation of a
    subsidiary with the interested party's share interest. In view of this,
    SCR representative offered foreign counterparts to visit Armenia to
    discuss the possibility of their participation in the Company projects.

    "SCR has formed its financial model till 2038, that indicated
    stability and healthy investment climate in the company. We are open
    for cooperation and ready to discuss any proposals on participation
    of international banks, corporations and other organizations in
    implementation of our projects", V. Davtyan said.

    To recall, TRACECA is a programme of restoration of the Great Silk
    Road. TRACECA was set up at Brussels Conference on May 3, 1993, with
    participation of ministers of transport and trade from 8 states:
    5 states from Central Asia: Kazakhstan, Kyrgyzstan, Tajikistan,
    Turkmenistan and Uzbekistan, and 3 states of the Caucasus region:
    Armenia, Azerbaijan and Georgia.

    SCR CJSC is the 100 percent subsidiary of Russian Railways CJSC. In
    February 2008 SCR obtained a concession of the state CJSC Armenian
    Railway. The agreement of concession of the Armenian Railroad CJSC
    for 30 years with a 10-year renewable period was signed in Yerevan
    in February 2008.
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