‘South Caucasus Railway’ Not To Raise Tariffs In 2009

‘SOUTH CAUCASUS RAILWAY’ NOT TO RAISE TARIFFS IN 2009

ArmInfo
2009-02-25 14:56:00

ArmInfo. ‘South Caucasus Railway’ [SCRW] is not going to raise
tariffs in 2009, director general of SCRW, Shevket Shaydullin,
told journalists.

At the same time he added the company has all the grounds to raise
tariffs taking into consideration growth of prices for energy
resources. He said that the company led by him is trying to reduce
expenses via the coordinated management. The SCRW is going to conduct
the tariff policy depending on some factors including the category
of client. ‘The first category are bog corporative clients, ensuring
about 80% of our income. The second – small and medium-sized business
and the third – private clients which implement one-off railing. Every
of these three segments require individual approach.

For instance, there are shippers which can pay for shipment only
after payment of a buyer. For them we are drawing out the way for
application of factoring machinery together with VTB-Armenia Bank’,
– director general of SCRW said.

He also added that at present the company is staring to introduce 10%
discount for the route directions and has already reduced tariffs in
several shipment contracts. He also recalled about 30% reduction of
tariffs for cement shipment in December 2008.