NO CHANGES ENVISAGED IN INVESTMENT PROGRAMS TO BE IMPLEMENTED IN SOUTH CAUCASUS RAILWAYS

Noyan Tapan

Dec 12, 2008

YEREVAN, DECEMBER 12, NOYAN TAPAN. Although the financial crisis has
had an impact on the operation of the Russian railway, no changes,
including staff reduction, are envisaged in the investment programs to
be implemented in South Caucasus Railways company. The deputy chairman
of Russian Railways company Georgy Kornilov said this at the December
12 meeting with the RA minister of transport and communication Gurgen
Sargsyan.

G. Sargsyan informed G. Kornilov and the newly-appointed director of
South Caucasus Railways Shevket Shaydulin that a new unit is being
created in the ministry. This unit will implement monitoring and
control the investment making process.