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Iran-Armenia link to cost at least $1 billion

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  • Iran-Armenia link to cost at least $1 billion

    PanARMENIAN.Net

    Iran-Armenia link to cost at least $1 billion
    08.11.2008 13:42 GMT+04:00

    /PanARMENIAN.Net/ A railroad connecting Armenia and Iran will cost at
    least $1 billion, said Vladimir Yakunin, head of Russian Railways
    (RZD) which operates the Armenian railway network.

    Russian Railways will act as a contractor if Russia, Iran and Armenia
    agree on financing, he said, adding that Armenian and Russian
    Presidents discussed the project during their recent meeting,
    RZD-Partner report.

    Earlier, Armenian Minister of Transport and Communications Gurgen
    Sargsyan said the construction can take some 5 years.

    Presently, three projects are being considered. The first supposes
    departure from Yeraskh, the second from Vardenis and the third from
    Gagarin, extending for 443, 449 and 397 km respectively.

    Armenia favors the project which supposes the start of communication
    in Gagarin and then through Gavar, Martuni and Jermuk. 80 km of the
    line will extend through Iran, going as far as Merant station.
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