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TRUST MANAGEMENT AGREEMENT TERMINATED?
Story from Lragir.am News:
http://www.lragir.am/engsrc/politics24416.html
Published: 11:37:56 - 02/12/2011
Yesterday, the minister of transport and communication Manuk Vardanyan
held a meeting to discuss the trust management agreement on Armenian
Railways. Among other issues, the return of property in case of
termination of the agreement was also discussed.
The trust management agreement was signed by Armenian Railways and
South Caucasian Railways in 2008, for a term of 30 years. The SCR
reported on its activities but the Armenian customers are not satisfied
with services, while the Russian side failed to fulfill its commitments
for investments. But now a different issue is under consideration.
During his visit to Georgia, Serzh Sargsyan agreed with Mikhail
Saakashvili on the simplification of procedures at the border,
including the introduction of one window. The Russian troops protect
the Armenian borders, and we know that Russia and Georgia are not
on friendly terms. In addition, the trust management agreement was
signed with a Russian company.
The Armenian railway has one exit through Georgia and the presence of
Russia in the railways and at the border is one of the main obstacles
to economic integration and investments between Armenia and Georgia.
After the visit of the French President Nicolas Sarkozy to Armenia,
the Armenian Nuclear Power Plant and railways were said to be managed
by France. On these days, the Russian Inter RAO UES resigned from the
management of the Armenian NPP. It has already been announced that
the Armenian Ministry of Energy will assume the management of the
Plant but it should not be ruled out that the winner of the possible
tender will be a French company.
Now the handover of property in case of termination of the trust
management agreement on the railways is discussed.
By the way, judging by official information, Armenia has all the
reasons to terminate the agreement because the Russian party did not
fulfill a number of provisions of the agreement, particularly the
timeline of investments.
Story from Lragir.am News:
http://www.lragir.am/engsrc/politics24416.html
Published: 11:37:56 - 02/12/2011
Yesterday, the minister of transport and communication Manuk Vardanyan
held a meeting to discuss the trust management agreement on Armenian
Railways. Among other issues, the return of property in case of
termination of the agreement was also discussed.
The trust management agreement was signed by Armenian Railways and
South Caucasian Railways in 2008, for a term of 30 years. The SCR
reported on its activities but the Armenian customers are not satisfied
with services, while the Russian side failed to fulfill its commitments
for investments. But now a different issue is under consideration.
During his visit to Georgia, Serzh Sargsyan agreed with Mikhail
Saakashvili on the simplification of procedures at the border,
including the introduction of one window. The Russian troops protect
the Armenian borders, and we know that Russia and Georgia are not
on friendly terms. In addition, the trust management agreement was
signed with a Russian company.
The Armenian railway has one exit through Georgia and the presence of
Russia in the railways and at the border is one of the main obstacles
to economic integration and investments between Armenia and Georgia.
After the visit of the French President Nicolas Sarkozy to Armenia,
the Armenian Nuclear Power Plant and railways were said to be managed
by France. On these days, the Russian Inter RAO UES resigned from the
management of the Armenian NPP. It has already been announced that
the Armenian Ministry of Energy will assume the management of the
Plant but it should not be ruled out that the winner of the possible
tender will be a French company.
Now the handover of property in case of termination of the trust
management agreement on the railways is discussed.
By the way, judging by official information, Armenia has all the
reasons to terminate the agreement because the Russian party did not
fulfill a number of provisions of the agreement, particularly the
timeline of investments.