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Iran to build a terminal on border with Armenia

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  • Iran to build a terminal on border with Armenia

    Islamic Republic News Agency, Iran
    july 10 2005

    Iran to build a terminal on border with Armenia

    BAKU

    Azerbaijan State News Agency (Azar Press) reported here Saturday that
    Iran plans to build a terminal at its border with Armenia
    It added that Tehran will transfer oil derivatives to Yerevan adding
    the issue will be further explored at the Iran-Armenia Economic
    Cooperation Commission in Tehran in September.

    Armenia views the terminal as important in boosting economic activity
    in the 'Magri' region bordering Iran, the agency added.

    Iran and Armenia have signed a memorandum of understanding (MoU) to
    bolster bilateral cooperation in the field of electricity.

    Under the MoU, Iran and Armenia reached consensus to implement the
    third 400-kw two-circuit transmission line project, valued at 90
    million dollars.

    The two countries are also slated to implement the second phase of
    Iran-Armenia pipeline project, worth 130 million dollars and the
    complementary project of the fifth unit of Hrazdan thermal power
    plant.

    Under the framework of the agreement, Iranian companies of the Iran
    Power Plant Projects Management Company (MAPNA) and Sanir are due to
    add a new unit of gas power plant - capable to be transformed into
    combined cycle - to Armenia. The project is worth 150 million
    dollars.

    Based on the accord, the implementation of the said project should be
    finalized in 2007.

    Armenian Minister of Transport and Communication Andranik Manukyan
    called last week for taking advantage of special situation of the
    Iranian southern port of Bandar Abbas, capital of Hormuzgan province,
    and using it for transit of goods across the region.

    Manukyan made the remarks in Yerevan, Armenia, in a meeting with
    visiting Governor General of the Iranian Hormuzgan province Ebrahim
    Derazgisou who arrived in the Armenian capital on Monday heading a
    trade delegation to discuss with Armenian officials ways to promote
    Tehran-Yerevan cooperation.

    Derazgisou, for his part, welcomed the idea of promoting Armenia
    relations with the Iranian southern province and expressed hope that
    such relations would help promotion of ties between the two capitals.
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