// IP Marketing video - START// IP Marketing video - END

SCR investments to total ruble 540 mln in 2013

SCR investments to total ruble 540 mln in 2013

PanARMENIAN.Net - South Caucasus Railways (SCR) will reduce the volume of investments in the railway operation to ruble 540 mln in 2013 against ruble 1.15 billion in 2012, SCR CEO said.

“The company’s funds were aimed at reconstruction of the infrastructure and efficient operation of the railway in 2012,” Victor Rebets told Dec 21 press conference.

He noted that Gyumri’s locomotive depot and Zamalinsky bridge were reconstructed in the framework of the investment program, with the construction of two other brides completed.

Dwelling on the plans for 2013, Mr. Rebets said the main investments will be aimed at the reconstruction of roads, power supply and communication system, with part of the funds to target vehicle repair.

 Top stories
He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
“We have a simple problem:we prepare 400-500 specialists each year, while there is demand for 2000 professionals," he said.
At Shirak airport in the northern Armenian town of Gyumri, traffic soared by 150% in the reporting period against 2016.
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
Partner news