CANADIAN SPSC TRANSCOM LTD TO IMPLEMENT CONSULTATION ON TRANSFERRING ARMENIAN RAILWAYS TO CONCESSIONARY MANAGEMENT

ARKA News Agency
Oct 26 2007
Armenia

YEREVAN, October 25. /ARKA/. Canadian SPSC Transcom Limited will
implemented consulting services of transferring Armenian railroads
to concessionary management, the RA Government’s press service told
ARKA. During its session the Government approved the results of the
contest on providing consulting services on transferring Armenian
railroads to concessionary management, held on August 1 according to
the program of reorganization of the Armenian railroads financed by
the International Development Association.

Earlier Armenia’s Transport and Communications Minister Andranik
Manukyan said that the Armenian railroads will be transferred
to concessionary management on January 15, 2008. According to the
decision of the RA Government of October 12, 2006 "Armenian Railroads"
CJSC was planned to be transferred to concessionary management for
30 years with the right of prolongation up to 20 years. According
to the terms, the concessionaire should implement investment of USD
170mln within 10 years, mainly, for the rehabilitation and purchase
of 1200 wagons and locomotives.

"Armenian Railroads" CJSC is 100% state company, the owner of
the main part of the country’s rolling stock and almost the whole
railroad infrastructure (930.8km – according to the Armenian National
Statistical Service). "Russian railroads" and Indian RITES (Rail
India Technical and Economic Services) passed the pre-qualification
for participating in the tender of transferring Armenian railroads
to concessionary management.

From: Emil Lazarian | Ararat NewsPress