SCRW FRIGHT TURNOVER INCREASED BY 3.2% COMPARED WITH 2008 RESULTS

PanARMENIAN.Net
06.04.2009 15:45 GMT+04:00

/PanARMENIAN.Net/ South Caucasian Railways CJSC fright turnover
increased by 3.2% compared with 2008 results.

According to forecasts, in 2009 cargo weight will comprise 2782.6
million ton, which exceeds 2008 results (2.75 million ton) by
1%.13% crop freight volume increase is scheduled, as well as local
transportation freight increase by 9,5%, SCRW Press Service reported
to PanARMENIAN.Net.

SCRW freight types include transportation of cement (11,14%),
crops(15,67%), oil and oil products (11,69%) chemical and mineral
fertilizers(1,59%).

South Caucasus Railways is an Armenia-based 100% branch of Russian
Railways Public Corporation. Armenian railways were transmitted into
concessionary administration of South Caucasian railways in accordance
with Feb. 13, 2008 concessionary agreement. The term of Concessionary
agreement is 30 years with 20 years of prolongation right.