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 | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |