South Caucasus railways and BlackSea Ferry and Investments signed agreement to regulate armenia-bound rail freight

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30.11.2011, 02:00

The South Caucasus Railways (SCR), a Russian-run company operating Armenia's railroads and BlackSea Ferry and Investments (BFI) company signed an agreement.

YEREVAN, November 29. / ARKA /. The South Caucasus Railways (SCR), a Russian-run company operating Armenia's railroads and BlackSea Ferry and Investments (BFI) company signed an agreement Monday to regulate the process of rail freight. The document was signed by SCR CEO, Shevket Shaidulin and BlackSea Ferry and Investments CEO, Khokim Matchanov.

Under the agreement SCR will provide BFI with rolling stock for organization of rail freight.

"SCR, as a national transport company, emphasizes development of strategic partnership with BlackSea Ferry Investments which operates a ferry boat line between port Kavkaz in Russia and port of Poti in Georgia bringing the bulk of Armenia-bound cargo from Russia and other countries,’ the SCR said in a press release.

It said BFI operates several other rail-ferry boat lines Kavkaz-Poti, Kavkaz- Samsun (Turkey) on the Black Sea, and the Ust Luga Ust-Luga and Baltiysk-Sassnitz (Germany) in the Baltic Sea.

The international transport corridor from port Kavkaz to port of Poti and from there to Armenia provides the latter with the shortest and cheapest option of cargo delivery by SMAT ferry boat with the capacity of 50 tanks or 40 universal covered cars and 21.220 foot containers.

The South Caucasus Railways is run by Russian Railways. The concessional agreement was concluded in 2008 for 30 years, with a right of extension for another 20 years after the first 20 years of operation.-0-

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