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ARMENIAN SUBSIDIARY OF RUSSIAN RAILWAYS TO FOCUS ON ROLLING STOCK MAINTENANCE, REPAIR
Interfax, Russia
April 9 2013
CJSC South Caucasus Railway, the Armenian subsidiary of OJSC Russian
Railways (RTS: RZHD) (RZD), is going to focus on developing a rolling
stock maintenance and repair complex.
"We aren't going to build forever. Today we are focusing our efforts on
creating a material base for maintaining and repairing rolling stock,
and investments will be gradually reduced. That's justified.
We've created reliability at infrastructure objects," South Caucasus
Railway chief Victor Rebets told Interfax.
As per the concession contract signed in 2008, the largest investments
were allocated in the first four years, the lion's share of which
were spent on infrastructure modernization, he said.
This year, South Caucasus Railway's budget is 540 million rubles, to
be spent on raising the safety of train traffic and increasing speed.
Last year investments totaled 1.15 billion rubles, which were used
to commission the Zamanlinsky railway bridge and to build bridges on
the Shagali-Kober and Kober-Tumanyan spans.
South Caucasus Railway manages Armenian railroads under a 30-year
concession contract signed in 2008, with the right to a ten-year
extension. Last year the RZD subsidiary increased freight transport
by 5.8% to 3.46 million tonnes.
Eb
Interfax, Russia
April 9 2013
CJSC South Caucasus Railway, the Armenian subsidiary of OJSC Russian
Railways (RTS: RZHD) (RZD), is going to focus on developing a rolling
stock maintenance and repair complex.
"We aren't going to build forever. Today we are focusing our efforts on
creating a material base for maintaining and repairing rolling stock,
and investments will be gradually reduced. That's justified.
We've created reliability at infrastructure objects," South Caucasus
Railway chief Victor Rebets told Interfax.
As per the concession contract signed in 2008, the largest investments
were allocated in the first four years, the lion's share of which
were spent on infrastructure modernization, he said.
This year, South Caucasus Railway's budget is 540 million rubles, to
be spent on raising the safety of train traffic and increasing speed.
Last year investments totaled 1.15 billion rubles, which were used
to commission the Zamanlinsky railway bridge and to build bridges on
the Shagali-Kober and Kober-Tumanyan spans.
South Caucasus Railway manages Armenian railroads under a 30-year
concession contract signed in 2008, with the right to a ten-year
extension. Last year the RZD subsidiary increased freight transport
by 5.8% to 3.46 million tonnes.
Eb