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Will The Railway Be Re-Exploited?

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  • Will The Railway Be Re-Exploited?

    WILL THE RAILWAY BE RE-EXPLOITED?

    A1+
    | 19:17:32 | 26-09-2005 | Economy |

    On September 21-22 the Armenian delegation with Gagik Minasyan at the
    head participated in the Black Sea Economic Cooperation Parliamentary
    Assembly in the Moldavian capital Kishinev.

    In the 25th session of social, economic, technological and
    ecological issues where the report about the development of regional
    sub-structures has been discussed, the Armenian side has adopted
    4 offers.

    The Armenian managed to convince the participants of the BSEC
    Parliamentary Assembly that the construction of the railway which goes
    round Armenia is much more expensive that the re-exploiting of the
    existing railway Kars-Gyumri-Tbilisi-Baku. "Thus all the 4 countries
    of the region will solve the problem of economic integration providing
    economic stability", the Armenian delegates said.

    Let us remind you that the offered project costs $400 million. With
    the re-exploiting of the railway the volume of freight transportation
    will increase considerably.

    All the 8 members of BSEC were for the re-exploitation of the
    existing railway, including Turkey. According to Gagik Minasyan,
    in the convention which was adopted in Kishinev the offer of the
    Armenian side has been included, and the issue of adoption of the
    convention will be discuss in the BSEC plenary session in Tirana on
    November 22 where Armenia will preside over the session.
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