IMPLEMENTATION OF CONCESSION LIABILITIES OF SOUTH-CAUCASIAN RAILWAY WILL MAKE 100.2% DURING 2008-2009
ARKA
November 18, 2009
Yerevan
YEREVAN, November 18. /ARKA/. "Total volume of expenses of investment
program of CJSC "South-Caucasian Railway" (SCR) will make 3 653.3
for the period of 2008-2009.
Implementation of liabilities according to Concession agreement for
the same period will be 100.2%", said Shevket Shaydullin, General
Director of SCR. The main tasks of the activity of the concessionaire
are exploitation of the system of railway in Armenia, as well as repair
and necessary improvements of concessive assets and rolling stock. SCR
is implementing investment program, the total volume of which is 14.5
billion rubles (by the rate 12 drams for 1 ruble) during 2008-2038.
"The concessionaire has performed its duties during mobilization period
till now. Exploitation of concession assets, repair and improvement
is being implemented.
All applications of consignors and consignees for transportation are
satisfied fully. Transportation of passengers is implemented according
to Concession agreement. We provide necessary information to the
authorized body", said Shaydullin. In 2008 priority of investment
activity of CJSC "SCR" was modernization of rolling stock park,
including the parks for the service of infrastructure. In 2009 the
main priority of SCR will be modernization of railway.
>From the beginning of its activity (June 1, 2008) the concessionaire is
obliged, according to the Concession agreement, to invest 1.9 billion
drams in infrastructure and rolling stock till the end of the third
quarter of 2009. In fact, expenses in the amount of 2.08 billion drams
were made for investment activity. For modernization of infrastructure
0.84 billion drams and for modernization of the parks of rolling stock
1.24 billion drams (together will railway equipment) was allocated.
As of 01.10.2009, by the results of investment activity for 2008-2009
actual funding made 3.3 billion drams, from which 1.7 billion drams
was allocated for the par of the rolling stock and 1.65 billion drams
for the repair and improvement of infrastructure. CJSC "South Caucasian
Railway" is 100% affiliate of Open JSC "Russian Railway".
CJSC "Armenian railway" was transferred under concession management of
CJSC "SCR" according to Concession Agreement signed on February 13,
2008. The terms of concession management is for 30 years with the
right of prolongation for another 10 years.
From: Emil Lazarian | Ararat NewsPress
