MEETING OF MASTERS IN SCR

ARKA
Dec 7, 2009

YEREVAN, December 7. /ARKA/. The first time in CJSC "South-Caucasian
Railway" meeting of masters of road, wagon and locomotive services
took place. Marat Khakov, First Deputy Director of SCR opened the
meeting. He mentioned the important role of masters in railroad
facilities and told what the requirements for masters at present are.

It is maintenance of safety measures in railway, improvement of
operations and quality control of activities in different technical
services. "Master connects managers with workers", he said. Masters
from all the parts of Armenia asked questions on social policy of the
company, optimization of work, provision of spare parts for next year.

Khakov spoke about spare parts in detail. He said that SCR develops
cargo and passengers’ transportation but is also trying to develop
production of spare parts in the country. "The railway is receiving
50-60% of spare parts produced in Armenia. It allows not only to
reduce the cost of spare parts but also create additional workplaces",
he said.

After the break Shevket Shaydullin, General Director of SCR made
a speech. He said that this meeting is not only for summarizing
the results of railway and formation of collective vision, but also
discussion of the position of SCR as a national transport company. It
assumes big expectations from international partners, business,
society and they should be implemented by SCR as a company with
qualified and functioning mechanism.

The head of the company said that SCR will introduce a system of
assessment of masters’ qualification by grades. After his speech
official awarding ceremony took place. Good workers were awarded
by valuable presents and money. Concession management of "Armenian
railway" is implemented by CJSC "South Caucasian Railway" which is 100%
affiliate of Open JSC "Russian Railway".

SCR accepted the railway stock of CJSC "Armenian railway" on its
balance from June 1, 2008 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.