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Tag Archives: Georgian railways

Fitch Revises Georgian Railway’s Outlook to Positive; Affirms at ‘B+

Fitch Ratings has revised JSC Georgian Railway’s (GR) Outlook to Positive from Stable while affirming the entity’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘B+’. GR’s senior unsecured debt ratings have been also affirmed at ‘B+’. A full list of rating actions is at the end of …

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Georgian Railways to Spend 2.5 million GEL on Overhaul of Locomotives

Georgian Railways plans to spend 2.5 million GEL on the general overhaul of locomotives. The company has already announced tender on repairs of three locomotives. Under the tender terms, the rehabilitated locomotives will be valid for operation for the next 15 years. Interested companies are welcome to submit tender documents …

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Longest Tunnel Unveiled in Georgia

Excavation Completed for the Longest Tunnel in Georgia

Very important news for Georgia’s railroad infrastructure-excavation for the longest tunnel in Georgia (almost 8.5 km) is finalized. Kvishkheti-Zvare Tunnel, is part of the modernization project of the Tbilisi-Makhinjauri Mainline. According to the Head of Government, the implementation of this project is vital for the development of the country’s infrastructure …

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Establishing EU Instructions – Georgian Railway Sharing French Experience

Georgian Railway is getting to know experience of National Railway Company of France (SNCF). A group of experts of the railway company of France is consulting Georgian colleagues in establishing European instructions and carrying out structural reforms. Frederic Parde, director of international projects of SNCF, noted that the world goes …

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Stadler Considers Construction of Railway Carriage-Building Works in Georgia

Swiss manufacturer of railway rolling stock, Stadler Rail AG, considers construction of Railway Carriage-building works in Georgia. Today company representatives together with Ministry of economy of Georgia will sign memorandum, according to which Stadler will study Georgia’s investment opportunities. The Prime Minister responded to the company’s decision on prospects of investing …

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Georgian Railway Trade Union Holds XIV Assembly

Georgian Railway Trade Union (GRTU) has held XIV reporting and election assembly. A total of 145 delegates have attended the meeting. The Assembly elected Zurab Nasaraia  as a GRTU chairperson , as well as the board members. The 2017-2012 action program was approved. Control-revision commission and the board’s performance report …

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World’s Giant SAP in Georgian Railways

SAP, one of the market leaders of corporate programs, and Georgian Railway finished establishment of the first SAP S/4HANA project in the Post-Soviet space. The new system will alleviate an adoption of strategic decisions, as well as a flexible management of  organizational processes. At this stage, about 500 persons use …

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Georgia to Earn Yearly 60 million GEL from Turkmen Oil Transit

Georgian Railways

Under Georgia-Turkmenistan agreement, for 3 years Georgian corridor will handle 4.5 million tons of Turkish oil and state budget will receive yearly 60 million GEL. The Georgian Party obtained this rights after Caspian Transport company won the tender. Caspian Transit director general Rati Ghvaberia noted that Dragon Oil company, which …

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Take a First Look at New Double-Decker Trains

Brand new, modern double-decker trains made in Switzerland have been introduced to the Georgian railway network which will serve passengers travelling between capital Tbilisi to the country’s Black Sea resorts this summer. An official page of Georgian Railways published first pictures of these latest trains which will be available soon.

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