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Iranian Investment In Armenia Of 'Strategic Importance': Official

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  • Iranian Investment In Armenia Of 'Strategic Importance': Official

    IRANIAN INVESTMENT IN ARMENIA OF 'STRATEGIC IMPORTANCE': OFFICIAL

    Tehran Times
    April 28 2009
    Iran

    Tehran Times Economic Desk

    MOSCOW - Iranian investment in Armenian projects is of strategic
    importance, the secretary of the National Security Council of Armenia
    stated at a press conference in Yerevan on Monday.

    IRNA news agency quoted Arthur Baghdasaryan as saying that Iran's
    share of investment in Armenian projects will reach $980 million.

    The official pointed out the importance of the Iran-Armenia railway
    and said the project makes the connection of Armenia to other central
    Asian countries via Iran possible, adding, it would create great
    job opportunities.

    The 470-kilometer long Iran-Armenia railway, connecting the border
    regions and creating the first rail link between the two countries,
    is expected to boost trade relations
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