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Armenia Can Fund Construction Of Iran-Armenia Railroad From State Bu

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  • Armenia Can Fund Construction Of Iran-Armenia Railroad From State Bu

    ARMENIA CAN FUND CONSTRUCTION OF IRAN-ARMENIA RAILROAD FROM STATE BUDGET

    ARKA
    Aug 11, 2008

    YEREVAN, August 11. /ARKA/. Armenia can finance the construction of
    the railroad connecting the country with Iran out of its state budget
    receipts, member of Bureau of ARF Dashnaktsutiun, the Head of ARFD
    parliament group Vahan Hovhannisyan said.

    "We have to find $1bln Drams for construction of the road," he told
    a press conference.

    According to him, the new railroad will help avoid Armenia's transport
    dependence on Georgia that is the only way connecting the country
    with the outer world now.

    Earlier, Armenian Minister of Transport and Communication Gurgen
    Sargsyan reported that country's President instructed to set up a
    target commission to study the issue of construction of Armenia-Iran
    railroad.

    The Commission is to select the best project out of the three
    available projects on construction of the railroad. According to the
    preliminary estimates, the most advantageous one is Gagarin Station -
    Gavar - Martuni - Jermuk route that is the shortest way to get also
    to Vanadzor of Armenia and then to Georgia.
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