TIDM45ET

RNS Number : 2579V

Georgian Railway LLC

10 January 2012

Georgian Railway Announces Changes to Freight Transport Tariffs

Georgian Railway LLC, Georgia's integrated railway company, has announced that the basic currency of its freight tariffs will change from Swiss Francs to U.S. Dollars effective from 1 February 2012, to better align costs and revenues for its customers and suppliers which mainly trade in U.S. Dollars or Georgian Lari.

Georgian Railway will also reduce the volume discount tariffs for oil and oil products transportation by 0.5 USD per ton-km of transported oil and oil products, effective from 1 February 2012.

Freight tariffs within Georgia are fully deregulated, allowing Georgian Railway to operate a flexible pricing model. The company's detailed tariff policy can be obtained from the Georgian Railway web-site, in the freight operations section (www.railway.ge).

This information is provided by RNS

The company news service from the London Stock Exchange

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