RZD to Invest 5 M USD into Armenia Railways
OAO RZD is to invest 332 M RUB into Armenian Railways (5 M USD), the RZD-Partner reports. The company has already invested 13.7 B RUB into Armenian rail transport in 2008 - 2015.
OAO RZD signed a concession contract with Armenia in 2008, under which the management over the Armenian rail transport was handed over to OAO RZD. The national railway is now managed by South-Caucasian Railway (YuKZhD), OAO RZD subsidiary.