SOUTH CAUCASUS RAILWAYS TO INVEST OVER 14 BILLION RUBLES IN 2008-2038

PanARMENIAN.Net
06.04.2009 14:48 GMT+04:00

/PanARMENIAN.Net/ South Caucasus Railways CJSC will fulfill its
concession agreement and invest over 14 billion rubles.

The investments amounted 2.5 billion rubles (cash budget), 1 billion
of which was realized through basic assets, the SCR press office
told PanARMENIAN.Net.

The rest of the funds will be passed on to 2009 investment program.

Actually, 61.14% of concession obligations was fulfilled. At that,
75.74 million was spent on infrastructure modernization.

Investment program for 2009 will total 2.8 million.