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Armenian Minister of Transport and Communication Manuk Vardanyan said that construction of a new railroad - Vanadzor-Fioletovo - will be launched in Lori region of Armenia in 2011.The results of its feasibility study will be summarized in April-May, while the construction works will start in autumn, Vardanyan told a press conference in Yerevan on January 25.
According to him, construction of a new 31.2km-long section of the railroad is among priorities of the Ministry and its cost is estimated to make $100mln. Vardanyan said that around $49mln will be allocated from the Anti-crisis Fund to South Caucasus Railways CJSC, while Russian investments will make the rest sum.
Due to negotiations with South-Caucasian Railways open cjsc (SCR) , concessionaire of Russian Railways cjsc, road section Vanadzor-Fioletovo was included in the plans of the concessionaire. It will be the first real project of railway construction in recent 40 years in Armenia. In 2011 SCR plans to invest 13.5 billion drams in the railway construction of new road Vanadzor-Fioletovo stretching 31.2 km. Total cost of the project is assessed about $100 million.
Construction of new road section is one of the priorities of the Armenian Ministry of Transport and Communications in Armenia for 2011. 32 km of the section will combine railway directions Aghstafa-Ijevan-Hrazdan-Yerevan with railway directions Tbilisi-Gyumri-Masis providing reduction of inter-regional and inter-state transportation. In its result, direction Yerevan-Ayrum will reduce by 70-100 km.
Concession management of “Armenian railway” is implemented by CJSC “South Caucasian Railway” which is 100% affiliate of Open JSC “Russian Railway”. SCR accepted the railway stock of CJSC “Armenian railway” on its balance from June 1, 2008 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.
Construction of new road section is one of the priorities of the Armenian Ministry of Transport and Communications in Armenia for 2011. 32 km of the section will combine railway directions Aghstafa-Ijevan-Hrazdan-Yerevan with railway directions Tbilisi-Gyumri-Masis providing reduction of inter-regional and inter-state transportation. In its result, direction Yerevan-Ayrum will reduce by 70-100 km.
Concession management of “Armenian railway” is implemented by CJSC “South Caucasian Railway” which is 100% affiliate of Open JSC “Russian Railway”. SCR accepted the railway stock of CJSC “Armenian railway” on its balance from June 1, 2008 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.
