SCRW SUMMARIZED FULFILLMENT RESULTS FOR 9-MONTH INVESTMENT BUDGET

PanARMENIAN.Net
15.10.2009 19:07 GMT+04:00

/PanARMENIAN.Net/ According to South Caucasian Railways CJSC monitoring
service- provided data, 443,8 rubles of concessionary investments
were allocated within the last 9 months, SCRW press service reported.

371,3 million rubles were attained through SCRW loan proceeds and
72,5 million rubles provided though SCRW internal funds.

As of the end of accounting period, unfinished capital investments
comprised 178,1 million rubles.

SCR CJSC is a 100% shareholder of "Russian Railways" OJSC. Armenian
Railways CJSC was transferred to South Caucasian Railway’s
concessionary management under a concessionary agreement dated
February 13, 2008. The agreement was signed for the term of 30 years,
with possible extension of 10 years.