логотип компании
home Sitemapsitemap
eng     rus Jul 30, 2016 19:53
(GMT+3)
Latest news
Jul 25, 2016
United Transport & Logistics Company dispatches 500th container train between China - Europe - China since beginning of 2016
Jul 23, 2016
President of Russian Railways pays working visit to West Siberian Railways
Jul 22, 2016
Number of road accidents on infrastructure of Russian Railways fell by 26% in 1H 2016
Jul 21, 2016
Sectoral agreement signed on railway transport organisations covering 2017-2019
Jul 19, 2016
Russian Railways purchased nearly 465,000 tons of rail track in IH 2016
Jul 19, 2016
President of Russian Railways reports to Russian President Vladimir Putin on Company's performance in IH 2016
News archive
Home
Press Centre
News

News

Jun 04, 2008

South Caucasus Railways starts managing Armenian Railways under concession agreement.

South Caucasus Railways (SCR) has officially started business operations under a concession agreement to manage Armenian Railways.

In this connection, by 1 June 2008, SCR, a wholly-owned subsidiary of Russian Railways, received property owned by Armenian Railways consisting of 2,000 freight cars, 58 passenger coaches, 85 locomotives and 30 electric trains. All 4,300 employees employed by Armenian Railways have retained their jobs.

The concession agreement was concluded for 30 years, with a right of extension for another 20 years after the first 20 years of operation.

Under the agreement, Russian Railways will invest USD400 million in infrastructure at Armenian Railways and another USD170 million to upgrade its rolling stock.

For Russian Railways, the concessionary management represents a solid cargo base consisting of building materials, cement, food and mining raw materials, such as copper pyrites, while for Armenian Railways, large-scale modernisation can begin.

The management of SCR believes that the main task of Russian Railways is to bring Armenian Railways into line with Russian regulatory standards for maintaining infrastructure and rolling stock. SCR’s plans included the restoration of the railway roadbed, upgrading rolling stock, improving and constructing communications systems, gradually increasing the speed of trains, improving service conditions for both cargo and passengers, and training and retraining.

In the first instance, routes will be upgraded which account for 80% of all freight transport on SCR. Thus, SCR plans to build railway lines between Yerevan and Batumi and between Yerevan and Poti in the near future.

According to preliminary data, freight traffic at SCR is expected to increase to up to 30 million tons per annum. The Company plans to promote cooperation with Georgia, Azerbaijan, Turkey, Ukraine and other countries.

The concessionary management which Russian Railways has assumed is also a step towards preserving the unity and enhancing the competitiveness of the space where the 1520mm broad-gauge track is used.

print version
screenRenderTime=0

© 2003-2016, JSC Russian Railways
Mass Media Registration Certificate Эл. No. ФС77-25927
When using any material, a link to rzd.ru is obligatory

The Company | Passengers | Freight | Press Centre | Investor Relations | Contacts | Sochi 2014 | Search