Georgia, Tbilisi, Oct. 9 /Trend N.Kirtskhalia/
'Georgian railway' is one of the most effective in post soviet area. According to the company, Georgian railway is operating with no subsidies, the profit is used for future infrastructure growth and payments of dividends to shareholders.
Integrated railway company, which unites tracks, locomotives and carriages is the model of its business. Its similar with North American railways. In terms of profitability Georgian Railway is one of the world leaders, far ahead of post soviet railways as well as American, leaving alone similar European companies.
For instance, equity of EBITDA Kazakh railway amounted to 42 percent in 2011, this indicator amounted to 33 percent for Russian railway in 2011, 30-48 percent for American and Australian railways and 54.6 percent for Georgian railway.
Georgian railway was recognized by International Investment Community in 2010, the company successfully allocated euro obligations on London stock exchange and has the highest possible credit rating from Standard & Poor's and Fitch Ratings agencies.