SOUTH-CAUCASIAN RAILWAY SEEKS NATIONAL STATUS IN ARMENIA

ARKA
Apr 6, 2009

YEREVAN, April 6. /ARKA/. The South-Caucasian Railway CJSC seeks to
develop as a national carrier company.

The mission of the South-Caucasian Railway CJSC is to develop as a
national carrier company, which would improve its performance and
quality of its services by accomplishing strategic tasks, reports
the company’s press service.

Among the tasks are improving long-term performance and financial
stability, improving the quality of services, integration with the
European-Asian transport and logistical system.

With the current management conditions, the South-Caucasian Railway
CJSC is working with the Armenian railway system, with the Airum
station being an outlet to the Georgian railway system. This is a
725.6km-long section.

The company aims to fully meet the solvent demand for transport
services, improve the infrastructure and technical maintenance,
renovate the buildings and structures and repair the rolling stock,
implement a modernization program, etc..

The South-Caucasian Railway CJSC is fully owned by the Russian
Railways OJSC. Under a concession contract signed on February 13,
2008, the South-Caucasian Railway CJSC acts as concessionaire managing
the Armenian Railways CJSC. The 30-year concession contract can be
prolonged for 20 years more.