Revenues of Georgian railway decreases by 2.5 times

Business Materials 17 August 2012 15:57 (UTC +04:00)

Georgia, Tbilisi, Aug.17 /Trend N.Kirtzkhalia/

Revenues of the Georgian Railway decreased by 2.5 times last year.

Net income of the Georgian Railway totaled 37 million lari ($ 1 = 1.65 lari) during the first quarter of 2012 compared to 93 million lari for the same period last year.

Lower income is associated with the implementation of several investment projects, including the project Fast Road, which provides full rehabilitation of the railway, which will increase the speed by three times.

100 percent of shares of Georgian Railway are owned by Partnership Fund.