It is envisaged passing Armautostation to another company
for concessionary or trust management
21-12-2009 20:22:00 | Armenia | Economy
YEREVAN, DECEMBER 21, NOYAN TAPAN. The RA Ministry of
Transport and Communication is now prepaing a concept to pass
Armautostation company to another company for concessionary or
trust management, minister Gurgen Sargsyan announced on December
21.
He said that the ministry initiated the process of passing
Armautostation CJSC for concessionary management as early as
2008. "We decided that this company should be given to some
other company for management rather than be privatized. The
issue of whether it will be concessionary or trust management is
still under discussion," G. Sargsyan said.
In his words, a similar company was privatized in Georgia
and now it no longer exists, whereas in several countries, such
companies are either state-run or have been given to other
companies for management.