South Caucasus Railways (SCR) has no forecast on the increase of investments in railway infrastructure with Armenian-Turkish border opening, Marat Khakov, Deputy General Director of South Caucasus Railways CJSC stated at the press-conference in Yerevan.

According to him, the SCR management has not discussed this issue yet. Khakov underlined that SCR seeks to increase input at the expense of private investments. As to U.S. $603m to be additionally allocated to the development of Armenian railways with the border opening (earlier voiced by RA Transport and Communications Minister Andranik Margaryan and SCR General Director Yakunin), Khakov said he is not privy to that information.

Deputy General Director informed that SCR will be able to run Armenia-Turkey trains at 10-15km/h depending on the railway conditions.

Initially, cargo traffic from Armenia will total 1-2m tons, resulting in Armenia-Georgia cargo freight reduction by 25-30%.
October 1, South Caucasus Railways CJSC and Georgian Railway LLC will hold a meeting. “The focal point of the meeting is to establish full-fledged cooperation between SCR and Georgian Railway,” Khakov concluded.