Yerevan/Mediamax/. Railroad complex of Armenia is a success, General Director of “South Caucasus Railroad” CJSC (SCR) Shevket Shaidullin said this at a news conference in Yerevan today.

Mediamax reports that Shevket Shaidullin stressed that results of SCR activity for 9 months of 2010 give basis for such a statement.

Thus, the company for the first time entered the parameters of prime cost and fulfilled budget plans on incomes, which increased by 9.7% in the accounting period. At that, other incomes made 750mln AMD. Planned losses at the volume of 1.5bln AMD were also registered.

Shevket Shaidullin informed that the payments to Armenian state budget in the course of 9 months of 2010 made 3.1bln AMD.

General Director of SCR stressed that the company’s investments in the accounting period made 7bln AMD, 1.7bln of which were directed at modernization of infrastructure. Thus, the total expenses for 9 months, 2010, made 11.5bln AMD.

Shevket Shaidullin informed that the budget of the company for 2011 has already been approved. According to it, they plan to increase indices by 3.8%, as compared to 2010. The volume of investments in 2011 is planned to be at the level of 15.7bln AMD.