Bank Of Baku

Russian company to restore Armenia’s railway communication with Turkey and Azerbaijan

Russian company to restore Armenia’s railway communication with Turkey and Azerbaijan
# 10 January 2008 14:48 (UTC +04:00)
Manukyan said that according to the package of investments opened on December 21 of 2007, the Russian railroads suggest investing $570 million to the Armenian railroads including $230 million in the next five years.
The Russian railroads and Rail India Technical and Economic Services (RITES) joined the tender for concessive regulation of the Armenian railroads. RITES later refused participation in the tender./APA/
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THE OPERATION IS BEING PERFORMED