Efficient investment policy allowed SCR to increase its technical-economical indicators

YEREVAN, November 19. /ARKA/. Indicators of CJSC “South-Caucasian Railway” for 2008-2009 evidence about efficiency of investment policy. As of October 1, 2009 capital repair of 10 electric locomotives ВЛ10, 79 cargo wagons, 12 passengers’ wagons, 30 pair of wheels of electric locomotives and 300 pair of wheels of cargo wagons was implemented.

During the same period 10 diesel locomotives ЧМЭ3 and 24 sections of electric trains were obtained. As of October 1 repair of 10.2 km of route, replacement of ties - 82 000 items, transfer bars - 88 sets, repair of indicating transfer bars - 60 sets, repair of crossing buildings - 18 sites, repair of passengers’ buildings, platforms - 15 sites was implemented. Total volume of expenses of CJSC “South-Caucasian Railway” investment program in 2008-2009 was 3 653.3 million rubles.

The result of investment activity is the increase of technical-economical indicators of the road. It is expected that the repair of roads in the sections Kaqavadzor-Hrazdan, Vardenis-Zod, Shorzha- Vardenis, Tsovagyugh- Shorzha, Sevan- Tsovagyugh, Tsaghkunk- Sevan, Hrazdan- Tsaghkunk will allow to increase the speed of the trains from 25-40 km/hour to 30-45 km/hour. It is planned to repair the buildings of locomotive depot of Gyumri and Yerevan till the end of 2009. Modernization of information system of ASQMT (automated system of quick management of transportation), network of FOCL (fiber-optic communication line) and repair of administrative and other bulldogs is envisaged (2849.8 quadrate meters).

The main tasks of investment activity of CJSC “SCR” have two directions – repair and improvement of infrastructure of railway of Armenia and renovation of parks of passengers’. CJSC “South Caucasian Railway” is 100% affiliate of Open JSC “Russian Railway”. CJSC “Armenian railway” was transferred under concession management of CJSC “SCR” according to Concession Agreement signed on February 13, 2008. The terms of concession management is for 30 years with the right of prolongation for another 10 years. —0--