SOUTH CAUCASUS RAILWAYS TO INVEST OVER 14 BILLION RUBLES IN 2008-2038
PanARMENIAN.Net
06.04.2009 14:48 GMT+04:00
/PanARMENIAN.Net/ South Caucasus Railways CJSC will fulfill its
concession agreement and invest over 14 billion rubles.
The investments amounted 2.5 billion rubles (cash budget), 1 billion
of which was realized through basic assets, the SCR press office
told PanARMENIAN.Net.
The rest of the funds will be passed on to 2009 investment program.
Actually, 61.14% of concession obligations was fulfilled. At that,
75.74 million was spent on infrastructure modernization.
Investment program for 2009 will total 2.8 million.