October 15, 2009 - 20:07 AMT
SCRW summarized fulfillment results for 9-month investment budget
According to South Caucasian Railways CJSC monitoring service- provided data, 443,8 rubles of concessionary investments were allocated within the last 9 months, SCRW press service reported.
371,3 million rubles were attained through SCRW loan proceeds and 72,5 million rubles provided though SCRW internal funds.
As of the end of accounting period, unfinished capital investments comprised 178,1 million rubles.
SCR CJSC is a 100% shareholder of "Russian Railways" OJSC. Armenian Railways CJSC was transferred to South Caucasian Railway's concessionary management under a concessionary agreement dated February 13, 2008. The agreement was signed for the term of 30 years, with possible extension of 10 years.