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  • Iranian Banks Too

    IRANIAN BANKS TOO

    Lragir.am
    13/01/10

    The minister of Transport and Communication of Armenia Gurgen Sargsyan
    during his meeting with the Iranian ambassador Meyed Ali Saghaiyan
    noted that the Asian bank announced about the allocation of 500
    million of loan for the construction of the "North-South" highway.

    The first faze of work supposes for the reconstruction of
    Yerevan-Ashtarak interstate road as well as other works relating to
    the road security on Yerevan-Ararat highway. The minister noted that
    the technical study of the North-South highway will be made this year.

    The Iranian ambassador stated that Iranian organizations are also
    interested in the construction of the North-South highway. The
    ambassador did not rule out that Iranian banks will participate in
    the finance of construction of some parts of the road.

    Dwelling on the Iran-Armenia railway construction, Gurgen Sargsyan
    informed that in April most likely the winner company will be known
    after which the construction will start.

    From: Emil Lazarian | Ararat NewsPress
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