GEORGIA MAY ANNUL ARMENIAN CARGO TRANSIT DISCOUNT FROM MARCH 1

PanARMENIAN.Net
31.01.2008 12:41 GMT+04:00

/PanARMENIAN.Net/ From March 1, 2008 Georgia will annul discount for
the Armenian cargo transit. The decision is explained by the fact
that the discount was given to the Armenian company but not to the
RZD (Russian railways), the concessionaire of the Armenian Railways,
ÀRMENIA Today reports quoting a reliable source.

January 26 Director General of the Georgian Railways Irakli Ezgubaya
assembled a conference to inform the Armenian side of the decision to
rescind the operating 17% discount for liquid cargo and 22% discount
for dry cargo, the source said.

The rail line with Georgia is the only truck connecting Armenia with
the outer world. Using the circumstance, Georgia offered rather low
discount to Armenia as compared to the other states. For example,
the transit cargo discount for Azerbaijan reached 50%.

The RZD won the tender on 30-year concession of the Armenian Railways
with a possible prolongation for 20 more years. The company intends
to make investments totaling from $570 million up to $2,15 billion.

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