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 | Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan. Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem." U.S. still believes “peace is possible” between Armenia, Azerbaijan The United States continues to believe that peace is possible between Armenia and Azerbaijan, Vedant Patel says. Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan. |