RUSSIAN MINISTRY OF TRANSPORT: SOUTH CAUCASUS RAILROAD TO MAKE UP FOR INVESTMENT TARGETS IN ARMENIA
ARKA
June 23, 2009
TSAGHKADZOR, June 23. /ARKA/. South Caucasus Railroad cjsc intends
to make up for the investment plan indicators in Armenia, Director of
International Cooperation department of Russian Ministry of Transport
Alexander Andreev said at a conference about Armenia – a country at
a crossroads of communications Monday.
"The situation with the South Caucasus Railroad is not a simple one:
there is a lot to be done, the company has been reproached with
implementation of the investment program in Armenia in 2008 for many
times, but we will make up for the targets in 2009," he said.
Works are under way, the company has a good staff in Armenia and the
great potential of Russian Railways ojsc is to help, he said.
South Caucasus Railroad fully owned by the Russian Railways is the
concession management operator of the Armenian Railways under a
30-year concession agreement signed on February 13 2008.