South Caucasian Railways summed up first quarter resultsMay 4, 2009 - 19:28 AMT PanARMENIAN.Net - RA Prime Minister Tigran Sargsyan met with Transportation and Communication Minister Gurgen Sargsyan and "South Caucasian Railways" CJSC's General Director Shevket Shaydullin, SCR press service reports.During the meeting, the parties discussed issues concerning railway communications development. The first quarter results and the major trends elaborated during SCR Directors' recent meeting were introduced to Mr. Shaydulin. The latter include the 2009 Investment Program, tariff policy, regional and social policy etc. The parties also discussed plans for constructing the Vanadzor-Fioletovo railway in the frames of concessionary agreement aimed at restoring Armenia's railway infra-structure. SCR CJSC is a 100% shareholder of "Russian Railways" OJSC. Armenian Railways CJSC was transferred to South Caucasian Railway's concessionary management under a concessionary agreement dated February 13, 2008. The agreement was signed for the term of 30 years, with possible extension of 10 years. 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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |