COST OF EXPORT RAIL TRANSIT OF CEMENT DOWN 30% IN ARMENIA
ARKA
March 2, 2009
YEREVAN, March 2. /ARKA/. The cost of export rail transit of cement
has been reduced by 30% provided the traffic is guaranteed.
The press service of the South-Caucasian Railway CJSC reported that
the cost of transportation was reduced as a result of discussions of
the terms of transportation for 2009. The terms were agreed between
the South-Caucasian Railway Company and the Armenian cement producers.
A 10% discount is in effect for fixed-route transportation of raw
materials.
Also, as a result of cooperation with the Georgian Railways, the
South-Caucasian Railway Company plans to reduce the cost of container
traffic.
Although the South-Caucasian Railway CJSC is currently operating
in the red, amid the rising prices for the main energy resources,
the company management decided to implement a flexible tariff policy
to temper the impact of the global economic crisis on the Armenian
economy and support Armenian exporters, the report says.
The South-Caucasian Railway CJSC is concession manager of the Armenian
Railway Company. South-Caucasian Railway, fully owned by the Russian
Railways Company, listed in its fixed assets the rolling stock of
the Armenian Railways on June 1, 2008, under a concession contract
of February 13, 2008.
From: Emil Lazarian | Ararat NewsPress
