Home / Tag Archives: Georgian Railway

Tag Archives: Georgian Railway

Georgian Railway: The Worst is Behind

GR released poor FY17 audited results. On the back of the continued decline in freight traffic volumes, the top line decreased 6.8% y/y to US$ 173.2mn, from an already low base. According to G&T, on the positive note, logistic service and freight car rental revenue, together accounting for 20.8% of …

Read More »

Tbilisi Hosts International Conference of Argus Media

“Argus Caspian Black Sea Transport Corridor 2018” – the event was opened at Hotel “Biltmore” today. Davit Peradze, General Director of Georgian Railway, made a speech at the conference about following topics: * Cargo dynamics in the Caspian and Black Sea region; * Multi-modal international corridors, including so-called Middle corridor …

Read More »

Regional Factory of Swiss Company Stadler to be built in Georgia

Peter Spuhler, CEO of The Swiss company  Stadler is paying a visit to Georgia. The world’s leading train manufacturer company had a meeting with the Director General of “Georgian Railway” Davit Peradze and Vice-Mayor of Tbilisi Irakli Khmaladze. It was noted at the meeting that construction of Stadler’s regional enterprise will …

Read More »

Georgian Railway to Spend 10.5 million GEL on Safety Measures

Georgian Railway company plans to spend 10.5 million GEL on safety measures. The corresponding contract will be signed with LEPL State Security Special Service without tender. Under the agreement, State Security Special Service will safeguard facilities and material property of Georgian railway for a year, provide alarm system of ticket …

Read More »

Factors Influencing Performance of Georgian Railway

Most of the GR’s revenue (about 60 percent in 2017) is derived from freight transportation. Thus, the Group’s results are particularly sensitive to cargo flows, which mainly comprise transit shipments, which accounted for about 63 percent of freight transportation revenue in 2017. The transit transportation volume mainly comes from trade …

Read More »

Thomas Bareiss: Deutsche Bahn is Interested in Cooperation with Georgia

Parliamentary Secretary of the Ministry of Economy and Energy of Germany Thomas Bereiss made a special emphasis on the visit of the executive director of “Deutsche Bank” to the prospect of cooperation between “Georgian Railway” and “Deutsche Bank” . ”This will be very important move as Georgia, with its location, …

Read More »

Georgian Railway and Deutsche Bahn Officially Become Partners

Georgian Railway and Deutsche Bahn entered a new stage of cooperation. An agreement was signed by David Peradze, CEO of Georgian Railway and Alexander Doll, Member of the Board of Management for Freight Transport and Logistics at Deutsche Bahn, in Berlin which lays the foundation for future joint projects in …

Read More »

SIEMENS Delegation Visited Georgian Railway

Representatives of company SIEMENS visited Tbilisi. Infrastructure Director of Georgian Railway, Vasil Khorava met with world-famous brand members. Alarm, blocking and centralization – sides discussed technological innovations in these directions at the meeting. Georgian Railway will announce at tender on the construction of microprocessor centralization on Khashuri-Zestaponi section. Company SIEMENS …

Read More »

Memorandum Signed Between Georgian Railway and Chinese Lianyungang port

Today a memorandum was signed between the Georgian Railway and China’s “Lianyungang ” port. The document was signed by General Director of Georgian Railway Davit Peradze and President of Lianyungang Port Chu Siangiang. Memorandum covers exchange of information on cargoes between the parties, from China to Georgia, as well as …

Read More »

Georgian Railway Completed Works to Change River Rioni bed

Georgian Railway successfully completed the works of changing river Rioni bed. Over the years, the Rioni changed bed was damaged by the railway bridge at Kutaisi-Batumi crossroads and the Kutaisi Direction Railway road land was collapsed. In December 2017, intensive work started by the Georgian Railway. With the help of …

Read More »

Georgian Railway Switches to Modern Lighting System

Georgian Railway switches to modern lighting system. The agreement between the railway and company ”Grato” was officially signed. According to document, company accepts obligation to install energy efficient lights on stations, bases, tunnels and bridges, produced by American company ”Cree”. Within the framework of the new project, Georgian Railway will …

Read More »