CAUCASUS-POTI FERRY COMMUNICATION TO BE LAUNCHED ON FEBRUARY 15

ArmRadio.am
13.02.2007 16:07

On March 15 the Caucasus-Poti railway ferry will be launched to
transport Armenian cargoes.

A corresponding memorandum was signed today between RA Ministry of
Transport and Communication and the Swiss Reserve Capital Company,
Mediamax reports.

RA Minister of Transport and Communication Andranik Manukyan noted
that an agreement has been reached on construction of the vessel,
which holds 50 railway carriages. The ferry will work twice a week
and will serve exceptionally for Armenia.

In the Minister’s words, it will enable to reduce the transfer expenses
with 20%, since before the cargoes were transported through Ilyichevsk,
where the Ukrainian "Ukrferry" had a monopoly.

According to Khakim Matchanov – the owner of the ferry – the launch
of the Caucasus-Poti ferry communication will serve the interests of
both Russian and Armenian exporters and importers. He informed that
the Reserve Capital has started the construction of the second ferry,
which will be put into commission in May.