20 September 2008, 11:58

Russia invests into Armenian railways

This year, the Open Joint-Stock Company (OJSC) "Russian Railways" (RRWs) plans to invest 180 million US dollars into Armenian railways. Journalists were told about it by President of RRWs Vladimir Yakunin.

According to Mr Yakunin, so far, the volume of investments into Armenian railways made 80 million US dollars. In the long term, the OJSC RRWs plans to invest 572 million US dollars (of which 220 million US dollars in the nearest five years) into development of Armenian railways.

Vladimir Yakunin has also touched on the issue of building the Armenian-Iranian railway. As he said, the OJSC RRWs is ready to take part in negotiations on this railway.

The Armenian railways were delivered into concession management to the Closed Joint-Stock Company (CJSC) "South-Caucasian Railways", which is an affiliate of the OJSC RRWs. The term of the concession makes 30 years with the right to extend the term for 20 years more.

Author: Lilit Ovanisyan, CK correspondent

All news
НАСТОЯЩИЙ МАТЕРИАЛ (ИНФОРМАЦИЯ) ПРОИЗВЕДЕН И РАСПРОСТРАНЕН ИНОСТРАННЫМ АГЕНТОМ ООО “МЕМО”, ЛИБО КАСАЕТСЯ ДЕЯТЕЛЬНОСТИ ИНОСТРАННОГО АГЕНТА ООО “МЕМО”.

January 22, 2025 23:09

January 22, 2025 21:56

January 22, 2025 20:45

January 21, 2025 23:56

  • Chechen advocate lIdalov demands to punish judge for unjust verdict

    Timur Idalov, an advocate from Chechnya, has been released from forced labour, since the order to enforce his sentence was revoked. The statute of limitations for the case has already expired. Idalov asked the Supreme Court (SC) to hold the judge who had sentenced him accountable.

January 21, 2025 23:17

News archive