RECONSTRUCTED DEPOT IN YEREVAN WILL OPERATE IN APRIL 2010 – SCR

ARKA
Nov 27, 2009

YEREVAN, November 27. /ARKA/ . "Reconstructed railway depot of Yerevan
will operate in April 2010", said Sergey Harutyunyan, Chief Engineer
of South-Caucasian Railway.

"We conduct works on strengthening the thermal circuit and are fully
reconstructing locomotive and wagon depot of Yerevan for which we have
already obtained equipment and prepared schedule of works. SCR plans
to launch the reconstructed depot in April 2010", said Harutyunyan
to the journalists of ARKA on Friday.

It is planned to establish wagon-wheel workshops in wagon depot of
Yerevan. Investments of SCR in reconstruction of united depot of
Yerevan will make about 50 million rubles. It is difficult to tell
more accurate figures now", said Harutyunyan.

Similar reconstruction works are conducted in locomotive and wagon
depot of Gyumri where the works of gas supply have been already
started. He said that reconstruction of gas supply and heating are
necessary for quality increase of production.

"One of strategic tasks of SCR is development of railway machinery
construction. These plans can seem ambitious and not real but we
consider that in Armenia it is real", he said.

Currently due to the lack of wagon and locomotive depot, the stock
of SCR is being repaired in Georgia after which they will send it
to Armenia. 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.