// 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
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
The funding will go to a subsidiary of ContourGlobal, an international power-generation company that acquired the Vorotan Cascade in 2015.
"We are yet unable to disclose the names of companies we are conducting negotiations with," Satenik Hovhannisyan said.
1,259,657 tourists have arrived in Armenia in January-December 2016, the National Statistical Service said, up by 5,7% on the year before.
Partner news