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SCR INVESTS 91 BILLION DRAMS IN INFRASTRUCTURE UPGRADING
YEREVAN, June 18. / ARKA /. The South Caucasus Railways, a subsidiary
of state-owned Russian Railways, operating Armenia's rail roads
has invested 91 billions over the last five years in upgrading the
infrastructure, Vladimir Yakunin, president of the Russian Railways,
said today in Yerevan.
He has arrived here to attend the annual meeting of the subsidiary's
shareholders. According to him, the bulk of the investments was used
to modernize the infrastructure.
He said despite a very difficult economic situation, the South Caucasus
Railways finished the year of 2013 with a small profit that declined
sharply compared with the previous period.
The South Caucasus Railways is run by Russian Railways. The
concessional agreement was concluded in 2008 for 30 years, with a
right of extension for another 20 years after the first 20 years of
operation. ($ 1 - 410.61 drams). -0 -
- See more at:
http://arka.am/en/news/economy/scr_invests_91_billion_drams_in_infrastructure_upg rading_/#sthash.Mv87GarI.dpuf
YEREVAN, June 18. / ARKA /. The South Caucasus Railways, a subsidiary
of state-owned Russian Railways, operating Armenia's rail roads
has invested 91 billions over the last five years in upgrading the
infrastructure, Vladimir Yakunin, president of the Russian Railways,
said today in Yerevan.
He has arrived here to attend the annual meeting of the subsidiary's
shareholders. According to him, the bulk of the investments was used
to modernize the infrastructure.
He said despite a very difficult economic situation, the South Caucasus
Railways finished the year of 2013 with a small profit that declined
sharply compared with the previous period.
The South Caucasus Railways is run by Russian Railways. The
concessional agreement was concluded in 2008 for 30 years, with a
right of extension for another 20 years after the first 20 years of
operation. ($ 1 - 410.61 drams). -0 -
- See more at:
http://arka.am/en/news/economy/scr_invests_91_billion_drams_in_infrastructure_upg rading_/#sthash.Mv87GarI.dpuf