Georgian media, citing the announcement of Irakli Ezugbaya, former director of Georgian Railway (GR), reports that in 2003-2012, Georgian Railway (GR) has contributed 285 million lari ($ 1 = 1.66 lari) to the state budget.
According to him, Georgian Railway, which operated at loss since 2003, became profitable in 2007 and completed 2011 with a profit of 174.4 million lari.
In addition, Ezugbaya noted that, the GR is a leader in the world in profitability rates.
According to the GR administration, the company’s credit rating is equal to the sovereign rating of Georgia and is a maximal figure.
