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  • Railroad With Armenia Strategic

    Zawya, UAE
    June 6 2009


    Railroad With Armenia Strategic

    06 June 2009

    Iran's Ambassador to Armenia Ali Saghaeian said the construction of
    Iran-Armenia railroad is important for the two countries and the whole
    region of South Caucasus.

    Saghaeian told Armenian Armenpress News Agency that the railroad would
    help promotion of transportation in South Caucasus, Iribnews.ir
    reported.

    Pointing to the Iranian experts' visit to Armenia for investigating
    the most appropriate way to implement the project, he predicted that
    investors consider this project of strategic importance.

    He added that Russia has called to participate in the Iran-Armenia
    railroad project.

    He noted the railroad deal was signed by the two countries' presidents
    during the Armenian President Serzh Sargsyan's visit to Tehran adding
    that the experts are reviewing technical issues of the project.

    The project will cost $2 billion. The World Bank and Asia Development
    Bank have announced their readiness to give loan for the project.

    Iran-Armenia railroad is to extend 470 kilometers, 60 kilometers in
    Iran and 410 kilometers in Armenia.

    Meanwhile, Iran's nationwide railroad network has been stretched to
    the southern city of Shiraz.

    This came as a 506-kilometer railroad linking Shiraz in Fars province
    to Isfahan, central Iran, was inaugurated. The maiden trip of the
    railroad, 600 passengers were taken to the capital Tehran.

    The project has absorbed over $650 million of finances in seven
    years. The railroad has the capacity to transport up to 4 million
    passengers and 7 million tons of cargo each year.

    © Iran Daily 2009

    http://www.zawya.com/Story.cfm/sidZAWYA20090 606063318/Iran:%20Railroad%20With%20Armenia%20Stra tegic%20
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