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South Caucasus Railway: $245 Million Invested In Modernization Of Ar

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  • South Caucasus Railway: $245 Million Invested In Modernization Of Ar

    SOUTH CAUCASUS RAILWAY: $245 MILLION INVESTED IN MODERNIZATION OF ARMENIA'S RAILROAD INFRASTRUCTURE BETWEEN 2009 AND 2014

    YEREVAN, February 6. /ARKA/. The South Caucasus Railway's delegation
    headed by Oleg Shatalov, deputy CEO for interaction and logistics,
    took part at South Caucasus Infrastructure & New Energy Investment
    Summit opened Friday in Tbilisi.

    Visitors of the company's pavilion learned from the figures presented
    here that $245 million had been invested in modernization of Armenia's
    railway infrastructure over a period between 2009 and 2014.

    According to the company's press office, the exhibition visitors and
    journalists paid special attention to the South Caucasus Railway's
    pavilion, since it provided comprehensive information and was properly
    designed.

    Shatalov had an interview with Vrastan Newspaper and Zara Agasafyants,
    deputy head of the transportation services center, with INFO-9
    TV Channel.

    Oleg Shatalov spoke at the summit on the company's activities and
    development prospects.

    Many participants, especially from European countries, didn't know
    before this event that the South Caucasus Railway is a subsidiary of
    the Russian Railways.

    This information surprised them and the flow of visitors intensified
    even more - there were mostly forwarders and businessmen searching
    for reliable partners for implementation of their projects.

    the press release says.

    Many visitors of this two-day international summit wanted to know
    about prospects for Iran-Armenia railway construction.

    The pavilion was also visited by Georgy Bekua, advisor to the Georgian
    economy and stable development minister, which asked questions about
    the South Caucasus Railways' activity and development prospects. 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. --0---

    http://arka.am/en/news/economy/south_caucasus_railway_245_million_invested_in_mod ernization_of_armenia_s_railroad_infrastructure_be/#sthash.rzOfVyMZ.dpuf

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