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SOUTH CAUCASUS RAILWAY'S FREIGHT TRAFFIC SHRINKS 6.3% TO 2,827,700 TONS IN JAN-NOV 2014
YEREVAN, December 22. /ARKA/. The South Caucasus Railway's freight
traffic shrank 6.3% in Jan-Nov 2014, compared with the same period a
year before, to 2, 827,700 tons, Viktor Rebets, the CEO of the CJSC
said on Monday.
In his words, imports totaled 1,079,000 tons and exports 328,400 tons.
Local freight traffic stood at 1,420,300 tons.
"Decline in freight traffic was due to contraction in import of metals,
oil products and wheat and in export of cement," he said.
The South Caucasus Railway accounts for 31% of Armenia's freight
traffic. Since 2008, the railways share has grown by 5 percent and
the number of destinations outside the country has grown as well.
South Caucasus Railway, a subsidiary of Russian Railways, runs
Armenian Railway, which was handed over to the South Caucasus Railway
on February 13, 2008 for 30-year concession management with a right
to prolong the management term for other 10 years. ($1 - AMD 456.17).
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http://arka.am/en/news/economy/south_caucasus_railway_s_freight_traffic_shrinks_6 _3_to_2_827_700_tons_in_jan_nov_2014/#sthash.rdn1a2sV.dpuf
YEREVAN, December 22. /ARKA/. The South Caucasus Railway's freight
traffic shrank 6.3% in Jan-Nov 2014, compared with the same period a
year before, to 2, 827,700 tons, Viktor Rebets, the CEO of the CJSC
said on Monday.
In his words, imports totaled 1,079,000 tons and exports 328,400 tons.
Local freight traffic stood at 1,420,300 tons.
"Decline in freight traffic was due to contraction in import of metals,
oil products and wheat and in export of cement," he said.
The South Caucasus Railway accounts for 31% of Armenia's freight
traffic. Since 2008, the railways share has grown by 5 percent and
the number of destinations outside the country has grown as well.
South Caucasus Railway, a subsidiary of Russian Railways, runs
Armenian Railway, which was handed over to the South Caucasus Railway
on February 13, 2008 for 30-year concession management with a right
to prolong the management term for other 10 years. ($1 - AMD 456.17).
--0---
http://arka.am/en/news/economy/south_caucasus_railway_s_freight_traffic_shrinks_6 _3_to_2_827_700_tons_in_jan_nov_2014/#sthash.rdn1a2sV.dpuf