SOUTH CAUCASUS RAILWAY LAUNCHES CORPORATE WEB SITE

/PanARMENIAN.Net/
19.06.2009 15:50 GMT+04:00

/PanARMENIAN.Net/ "In February 1899 the first train, overcoming
180 kilometers, arrived in Alexanderpol from Tiflis. Since then for
Armenia not having a direct exit to the sea and located in mountains
1800 meters high above the sea level, the railway transportation has
had an important strategic value in maintenance with the reliable
transport communication promoting economic and social development of
the Republic," this is an introductory paragraph to the new web site
of the South Caucasus Railway CJSC launched on June 19.

The corporate web site highlights company’s activity,
reflect its structure and composition of the governing board of
directors. Users can get acquainted with recent news in the sphere of
railway transportation, information about bids, concession contract
and the process of its implementation, RA Law about railway transport
and company’s tariff policy for 2009, etc. Besides, one can find
photo gallery and other helpful information.

CJSC South Caucasus Railways is a subsidiary of OJSC Russian
Railways. According to concession, signed on February 13 last year
"Armenian Railways" were passed to concession management of South
Caucasus Railways for a 30 year period with permission to prolongate
the term for another 10 years after the first twenty years of
work. South Caucasus Railways pledged to make investments into
infrastructure. According condition Armenia’ railway 4300 employees
continue working for the South Caucasus Railway with 20 per cent
increase in wages. New management pledged to upgrade infrastructure,
investing $ 572 million, $ 220 million out of which within the coming
5 years.

From: Emil Lazarian | Ararat NewsPress