Agreement on Amendments and Additions to the Concession Agreement on Transfer of the Armenian Railways to the Management of SCR Is Signed
04.05.2012
On May 4 General Director of South Caucasian Railways Victor Rebets and the Minister of Transport and Communication Manuk Vardanyan signed an agreement on amendments and additions to the Concession Agreement on transfer of the Armenian Railways to the management of SCR.
In particular, changes affect the aspects of compensation of CJSC "SCR" wastages from passenger traffic, setting tariff policy of the railway for the passenger transport, working with the concession assets.
We note that on December 2 after the meeting with the Minister of Transport of Armenia and the representatives from JSC "RR" and CJSC "SCR" a draft agreement on amendments and additions to the Concession Agreement was signed.
We recall that during 3-year work in Armenia SCR invested in rail infrastructure of the republic more than 72.1 billion drams, traffic volumes as well as train speed and safety on the railway significantly increased.
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ЗАО "ЮКЖД" 2011 г.