  South Caucasus Railways to invest over 14 billion rubles in 2008-2038April 6, 2009 - 15:48 AMT 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.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Related sections Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.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. |
