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Armenian Premier Says Investments In Armenia-Iran Railway Constructi

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  • Armenian Premier Says Investments In Armenia-Iran Railway Constructi

    ARMENIAN PREMIER SAYS INVESTMENTS IN ARMENIA-IRAN RAILWAY CONSTRUCTION TO REACH $2 BLN

    ARKA
    Nov 13, 2008

    YEREVAN, November 13. /ARKA/. Investments in construction of
    Armenia-Iran railway will total $2bln, RA Prime Minister Tigran
    Sargsyan reported at the RA parliament's session on Wednesday.

    The large-scale program offers good investment opportunities, the
    premier said, adding the government has negotiated with the private
    investors over their possible participation in the project.

    Armenia's Transport Minister Gurgen Sargsyan previously said the
    World Bank and the Asian development Bank would co-finance the railway
    construction project.

    It has been fixed that one of the sections of the railway will pass
    though Jermuk-Meghri. The railway is likely to pass through Sisian
    and Kapan.

    Some 100km of the railway will pass though Iran, with the starting
    point being the Armenian border. The last station of will be Merand
    in Iran.

    Specialists say the railway will be constructed in six years.

    In soviet times, Yerevan-Yeraskh-Nakhijevan (Azerbaijan)-Meghri
    railway, which does not work now, used to link Armenia and Iran.

    The new railway will pass through the territory of Armenia, opening
    an alternative route for imports. The only railway linking Armenia
    and other countries passes through Georgia.
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