SCR INTENDS TO PROVIDE 15% GROWTH OF INDICATORS IN 2010 – GENERAL DIRECTOR
/ARKA/
October 21, 2009
YEREVAN
YEREVAN, October 21. /ARKA/. "CJSC "South Caucasian Railway" (SCR)
intends to provide 15% growth of indicators in 2010", said Shevket
Shaydullin, General Director of SCR. "We concentrate on the increase
of efficiency of using tractive rolling stock.
It means management of expenses should be performed by the reduction
of the number of rolling stock and increase of quality", he said
on Wednesday in International Press cCnter "Novosti". Regarding the
implementation of the budget for nine months of 2009, Shaydullin said
that today the main income is coming from transportation and the budget
of the company exceeds 50%. SCR did not increase the tariffs this year.
"We bear responsibility for price increase of energy-carriers and
the indicators of inter-country transportation show significant growth.
But we did not have income according to the budget, despite the fact
that we worked on the level of the previous year and the expenses
are in the frames of normative", he said. During the nine months of
this year the budget supply was implemented by 94% and there is loss
in income.
"Today the net loss in transportation is more than 120 million rubles.
We plan to end the year with net loss of 160 million rubles. It is
related to the fact that today we use the main funds, investment
of technology and the railway itself is being formulated.", said
Shaydullin. CJSC "South Caucasian Railway" is 100% affiliate of Open
JSC "Russian Railway". CJSC "South Caucasian Railway" was transferred
to the concession management of CJSC "SCR" according to Concession
agreement signed on February 13, 2008. The terms of the concession
management is 30 years with the right of prolongation for another 10
years. G.K.