SCR, RUSSIAN COMPANIES TO AGREE ON PURCHASE, RECONSTRUCTION OF DIESEL LOCOMOTIVES

/ARKA/
April 28, 2009
YEREVAN

The South Caucasus Railway (SCR), concessionaire of Armenian
railways, plans to sign an agreement with the Orenburg-based
locomotives reconstruction plant and the North Caucasus Railways
(NCR) on procurement and reconstruction of diesel locomotives, the
SRC press service reports.

The two enterprises are the subsidiaries of the Russian Railways. SCR
plans to repair the railroad hubs and five diesel locomotives in the
Orenburg-based plant by end-June. Besides, specialists from Orenburg
plan to help SCR open a locomotive-repairs plant in Yerevan depot soon.

SCR has agreed with NCR to purchase 10 diesel locomotives by end-May.

On 1 June 2008, SCR, a wholly-owned subsidiary of Russian Railways,
received property owned by Armenian Railways under the February 13,
2008 concession agreement the parties concluded for 30 years, with a
right of extension for another 20 years after the first 20 years of
operation.