ARMENIAN RAILWAYS-TRANSIT BETWEEN EUROPE & ASIA

news.am
Nov 12 2009
Armenia

South Caucasus Railways CJSC General Director Shevket N. Shaydullin
addressed RA Government to grant the company the national enterprise
status. According to Shaydullin, it will enable the company to join
international organizations and equally compete with the railway
companies in neighboring states. It will also give an opportunity to
attract new investments.

"Rapid developments in the South Caucasus, particularly border
opening and the prospects of Iran-Armenia railway construction
might dramatically change domestic and foreign economic situation
of Armenia. In addition, it will signify the role of railway in
country’s political and economic life. Under certain developments,
Armenian railway should be considered transit for Europe-Asia and
North-South international transport corridor," stated Shaydullin.