Armenian Railways officially turned over to RZD concessionFebruary 13, 2008 - 15:41 AMT PanARMENIAN.Net - Armenian Minister of Transport and Communications Andranik Manukyan, President of Russian Railways (RZD) Vladimir Yakunin and Director General of South Caucasus Railways signed a concession agreement in Yerevan today, IA Regnum reports. According to the agreement, the Russian Railways will pay $5 million; further annual payments will make 2 per cent of the local income. The RZD has shouldered responsibility for 749 km of the rail, 3 thousand freight and 50 passenger cars, 55 locomotives and 30 carriages as well as 4.2 thousand employees. The RZD intends to invest $170 million for re-equipment and $400 million in development of the Armenian rail net. South Caucasus Railways is an Armenia-based 100% branch of RZD public corporation. He RZD will stand guarantor of investments and will assign $57 as a guarantee. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. |