  RZD wins Armenian Railways administration tenderJanuary 16, 2008 - 18:37 AMT PanARMENIAN.Net - The Russian Railways (RZD) has won the tender to run the Armenian Railways during 30 years with a right of prolongation for 20 more years.Indian RITES has quitted the tender, thus making the RZD the only participant. The RZD is planning to invest $570 million, of which $230 million will be invested during initial five years. The funds will be spent on modernization, repair and purchase of carriages and infrastructure, Lenta.ru reports. The net profit of the Armenian Railways totaled $1 million in 2007.   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. |
