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Armenia-Iran Railroad Project To Begin Work Next Year

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  • Armenia-Iran Railroad Project To Begin Work Next Year

    ARMENIA-IRAN RAILROAD PROJECT TO BEGIN WORK NEXT YEAR

    news.az
    Dec 28 2009
    Azerbaijan

    Armenia is set to begin work early next year on a large-scale project
    aimed at connecting Armenia and Iran through a north-south railroad,
    according to Armenia's Transport and Communications Minister Gurgen
    Sargsyan.

    Speaking at a press conference, Sargsyan said the first phase of
    the project will involve a feasibility study, scheduled to begin in
    April 2010.

    "An agreement to grant a loan of $1 million has been reached with
    the Asian Development Bank for implementing the feasibility study of
    this project. An international tender for the provision of consulting
    services will be declared in early 2010 and we will begin the direct
    implementation of the feasibility study in spring," he said.

    The minister said the project's first phase will be carried out in
    two stages.

    The first will study whether the Yerevan-Ararat and Yerevan-Ashtarak
    passes are safe for rail travel; the second will begin work on
    restoring the Ashtarak-Gumri rail section; and the third stage
    envisages construction of a new Goris-Kapan railroad.

    The Armenian government has registered a corporation titled
    "Directions for Iran-Armenian Railroad Construction" to implement the
    project. Sargsyan noted that Iran has demonstrated its readiness to
    finance the project.
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