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Russia Says Ready To Join In Iran-Armenia Railway Project

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  • Russia Says Ready To Join In Iran-Armenia Railway Project

    RUSSIA SAYS READY TO JOIN IN IRAN-ARMENIA RAILWAY PROJECT

    IranVNC
    http://iranvnc.com/en/floater_art icle/2/5839
    Nov 7 2008
    DC

    Washington, 7 November (IranVNC)--Vladimir Yakunin, head of the
    state-owned Russian Railways Company [RZD], today in Moscow said
    that his company was ready to participate in the Iran-Armenia railway
    project, the official IRNA news agency reports.

    Washington, 7 November (IranVNC)--Vladimir Yakunin, head of the
    state-owned Russian Railways Company [RZD], today in Moscow said
    that his company was ready to participate in the Iran-Armenia railway
    project, the official IRNA news agency reports.

    Yakunin told reporters that RZD would help secure the estimated
    one billion dollars needed for the 500-kilometer [310-mile]
    railway. Armenia's transport and communications minister has estimated
    the cost at between $1.5-2 billion dollars, IRNA reports.

    Armenian officials have stated Iran's geographic proximity to
    their country and Armenia's lack of transport ties with neighboring
    Azerbaijan and Turkey as motives behind the railway, which has yet
    to advance beyond the planning stage.

    According to Russia's state-run RIA Novosti news agency, RZD's profits
    were down 25 percent for the first nine months of 2008, compared to
    last year.

    Last July, RZD announced that it was developing a trilateral project
    with Azerbaijan and Iran to build a direct rail link between Russia
    and Iran.

    Meanwhile, Ehsan Moqaddam, the managing director for public relations
    at Iran's Railway Company, told IRNA that Iran has purchased 3,200
    tons of rail track from China, despite being under sanctions.
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