In 2009 investments into Armenian railway system will comprise RR 2,7 billion

PanARMENIAN.Net - "It's time to put the Armenian railways in order," said RF vice prime minister Sergey Ivanov a press conference. Prior to that, management of the South Caucasus Railways company submitted a business plan aimed at development of the company, improving the quality of service, renovation of vehicles, as well as anti-crisis program and investment plan. Management of Russian Railway expressed readiness to invest in the South Caucasus Railway RR 2,7 billion .



CJSC South Caucasus Railways is a subsidiary of OJSC Russian Railways. According to concession, signed on February 13 last year «Armenian Railways» were passed to concession management of South Caucasus Railways for a 30 year period with permission to prolongate the term for another 10 years. South Caucasus Railways pledged to make investments into infrastructure.