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RUSSIAN RAILWAYS FULFILLING ALL PROVISIONS OF AGREEMENT WITH ARMENIA
ITAR-TASS
February 15, 2012 Wednesday 09:05 PM GMT+4
Russia
Russian government-owned company RZD, the national operator of
railways, is fulfilling all the provisions of a concessionary
agreement on managing the railway lines in Armenia, RZD President
Vladimir Yakunin said Wednesday.
He recalled that the RZD's investment in the infrastructure and rolling
stock of the South-Caucasian Railways /the way the corporation refers
to the Armenian railway/ totaled 1.1 billion rubles /USD 1=RUB 30.5/
and was quite comparable with its revenues.
All in all, investment in the Armenian railways has reached 6 billion
rubles as of 2008.
"Ramification of infrastructure and the upgrading of its efficiency
plays an important role in the country's economic growth and lays down
the necessary conditions for Armenia's integration in the Eurasian
transport system and for the strengthening of cooperation with partners
in foreign markets," Yakunin said.
Over the past three years, the haulage of cargoes at the
South-Caucasian Railway went up almost 14% and exceeded 815 million
ton-km.
At the same time, the passenger service grew 1.4 times and to 49.4
million passenger-km. Since 2009, about 2.2 million passengers have
used the services of Armenian railways.
In 2011, the South Caucasian Railway attained the level of
cost-accounting. Its total earnings exceeded 1.2 billion rubles and
the net profit, 18 million rubles.
In the course of a trip to Yerevan Wednesday, Yakunin introduced
a new director to the staff of the South Caucasian railway. The new
appointee is Viktor Rebets who has so far stood at the head of the RZD
department for collaboration with federal and local agencies of power.
ITAR-TASS
February 15, 2012 Wednesday 09:05 PM GMT+4
Russia
Russian government-owned company RZD, the national operator of
railways, is fulfilling all the provisions of a concessionary
agreement on managing the railway lines in Armenia, RZD President
Vladimir Yakunin said Wednesday.
He recalled that the RZD's investment in the infrastructure and rolling
stock of the South-Caucasian Railways /the way the corporation refers
to the Armenian railway/ totaled 1.1 billion rubles /USD 1=RUB 30.5/
and was quite comparable with its revenues.
All in all, investment in the Armenian railways has reached 6 billion
rubles as of 2008.
"Ramification of infrastructure and the upgrading of its efficiency
plays an important role in the country's economic growth and lays down
the necessary conditions for Armenia's integration in the Eurasian
transport system and for the strengthening of cooperation with partners
in foreign markets," Yakunin said.
Over the past three years, the haulage of cargoes at the
South-Caucasian Railway went up almost 14% and exceeded 815 million
ton-km.
At the same time, the passenger service grew 1.4 times and to 49.4
million passenger-km. Since 2009, about 2.2 million passengers have
used the services of Armenian railways.
In 2011, the South Caucasian Railway attained the level of
cost-accounting. Its total earnings exceeded 1.2 billion rubles and
the net profit, 18 million rubles.
In the course of a trip to Yerevan Wednesday, Yakunin introduced
a new director to the staff of the South Caucasian railway. The new
appointee is Viktor Rebets who has so far stood at the head of the RZD
department for collaboration with federal and local agencies of power.