Announcement

Collapse
No announcement yet.

Armenian Railways Should Comply With Best International Standards: P

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Armenian Railways Should Comply With Best International Standards: P

    ARMENIAN RAILWAYS SHOULD COMPLY WITH BEST INTERNATIONAL STANDARDS: PRIME MINISTER

    /ARKA/
    October 28, 2011
    YEREVAN

    YEREVAN, October 28. / ARKA /. Armenia has set a difficult but
    worthy goal of making its railways to comply with best international
    standards, Armenian prime minister Tigran Sarkisian said today when
    speaking at the 55-th meeting of CIS Railways Transport Council.

    He said over the last nine months of 2011 Armenian economy expanded
    by 5%, which he attributed to the dynamics of trade in Armenia's
    partner countries and to the economic policy of the government. He
    said economic growth has a direct impact on trade between Armenia
    and its trading partners.

    Tigran Sarkisian said the country's foreign trade in the first
    eight months of this year rose by 25%, with exports growing by 30%
    and imports by 17%.

    According to updated official statistics, Armenia's foreign trade in
    September this year amounted to $525.3 million, or 195.4 billion drams,
    having increased by 26.7% from a year earlier. Exports in September
    this year amounted to $142.9 million (53.2 billion drams), an increase
    of 48.4% over the same period in 2010, and imports to $382.4 million
    (142.2 billion drams), an increase of 20.1%.

    "Obviously, this growth was reflected in the growth of rail freight
    services, as for some types of commodities there is no alternatives,
    " Sarkisian said, noting that as the economy recovers the number of
    passengers using railway is also increasing.

    The Russian-owned South Caucasus Railways company, operating Armenia's
    railroads, transported 2.370.1 million metric tons of cargo in the
    first nine months of 2011, by 8.3% more than in the same time span
    in 2010.

    The total volume of passenger transportation in the first eight
    months compared to the same period in 2010 decreased by 1.2% to 20.1
    million people.

    Armenian Railways was handed over to the South Caucasus Railways on
    February 13, 2008 for 30-year concession management with a right to
    prolong the management term for other 10 years.


    From: Baghdasarian
Working...
X