Tag: railway

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The Russian Railways company is the only foreign bidder participating in an international tender for the exclusive right to manage the network for at least 30 years. An Indian company, which also submitted a bid to the Armenian Transport Ministry last, pulled out of the tender in November, all but predetermining its outcome.

They are offering to invest $230 million in Armenia’s railway during the first five years of operations and another $240 million in the following years. Russi... Read More