Russian Railways only participant in tender for Armenian Railways concessionDecember 7, 2007 - 15:12 AMT PanARMENIAN.Net - Russian Railways is the only participant in the tender for Armenian Railways concession. The Russian company planning a large-scale expansion in foreign states can obtain its first active in absence of any rivals - India's RITES recalled its application December 6. In October 2006, the Armenian government decreed on a 30-year concession with a right to 20-year prolongation. The tender obliges the concessionaire to pay a $10 mln contribution and invest $170 mln in modernization of the railways, including reconstruction and purchase of 1200 carriages and engines, RBK reports. Armenian Railways is a state company owning the rolling stock and railway infrastructure of the republic expending for over 900 km. The actives were assessed at some $40 mln with $1,2 mln net profit. 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 | Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. “Great success”: Pashinyan pleased with new border protocol Pashinyan has described the signing by Armenia and Azerbaijan of a protocol on delimitation in Tavush as “a great success”. Armenia, Azerbaijan sign protocol on demarcation coordinates Armenia’s government took on May 15 another step towards handing over four border areas to Azerbaijan. U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. |