51 PER CENT OF CAUCASUS-POTI TRAIN FERRY’S OPERATOR BELONG TO RUSSIAN RAILWAYS

/PanARMENIAN.Net/
20.05.2009 13:37 GMT+04:00

/PanARMENIAN.Net/ OJSC Russian Railways has obtained 51 per cent
of shares of the Black Sea Ferry Investment (BFI), the operator of
Caucasus-Poti train ferry, reports RBC quoting a representative of
Russian Railways.

"The purchase is aimed at establishing through rate in the fringes of
operating Caucasus-Poti train ferry, said a representative of Russian
Railways, explaining that a common tariff for railway and overseas
transport in that direction is discussed.

Memorandum on Caucasus-Poti train ferry was signed in Yerevan on
February 13, 2007 between the Government of Armenia and the Swiss
Reserve Capital Corporation. Capacity of the first Smat ferry, owned
by Reserve Capital Corporation, is 50 wagons.

The train ferry was experimentally launched in April of 2007. The
315-mile distance between two seaports can be passed by ships within
31 hours. Ferry boat from Russia to Armenia mainly transports grain
and provisions, and from Armenia to Russia construction materials.
From: Baghdasarian