Armenian government increased the subsidy to South Caucasus Railway by 65.2 million drams to compensate for losses
16.07.2026,
11:32
At a meeting on Thursday, the Armenian government approved an increase of over 65.2 million drams in the state subsidy to South Caucasus Railway CJSC to partially compensate for losses from passenger transportation.
YEREVAN, July 16. /ARKA/. At a meeting on Thursday, the Armenian government approved an increase of over 65.2 million drams in the state subsidy to South Caucasus Railway CJSC to partially compensate for losses from passenger transportation.
As noted in the rationale for the decision, the funds are allocated under the "Railway Network Development" budget program.
By the end of 2025, the subsidy payable to South Caucasus Railway amounted to 312.2 million drams. The 2026 state budget allocated 246.9 million drams for these purposes. This resulted in accounts payable of approximately 65.2 million drams, which is planned to be repaid through additional funding.
According to the terms of the concession agreement for Armenian railways, starting in 2016, the state will compensate SCR for 30% of the established losses from passenger transportation on the agreed routes. This arrangement will continue until 2038.
The company's concession payment for 2025 was 312.2 million drams. SCR transferred this amount to the state budget on June 4, 2026.
The concession agreement for the management of the Armenian railway system was signed on February 13, 2008, between the Government of Armenia, South Caucasus Railways CJSC, and Russian Railways OJSC.
As noted in the rationale for the decision, the funds are allocated under the "Railway Network Development" budget program.
By the end of 2025, the subsidy payable to South Caucasus Railway amounted to 312.2 million drams. The 2026 state budget allocated 246.9 million drams for these purposes. This resulted in accounts payable of approximately 65.2 million drams, which is planned to be repaid through additional funding.
According to the terms of the concession agreement for Armenian railways, starting in 2016, the state will compensate SCR for 30% of the established losses from passenger transportation on the agreed routes. This arrangement will continue until 2038.
The company's concession payment for 2025 was 312.2 million drams. SCR transferred this amount to the state budget on June 4, 2026.
The concession agreement for the management of the Armenian railway system was signed on February 13, 2008, between the Government of Armenia, South Caucasus Railways CJSC, and Russian Railways OJSC.
