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FEASIBILITY PLAN FOR CONSTRUCTION OF VANADZOR-FIOLETOVO RAILWAY STRETCH TO BE READY IN TEN DAYS
/ARKA/
AUGUST 19, 2011
YEREVAN
YEREVAN, August 19. / ARKA /. Armenian transport and communications
minister Manuk Vardanian met today with representatives of Russian
Sibgiprotrans design firm and the South Caucasus Railways, operating
Armenia's railroads and gave them 10 days to present the feasibility
plan for construction of a 32-km long railway stretch from Vanadzor,
the administrative center of Lori province and Fioletovo village in
the same province.
Sibgiprotrans design firm and the South Caucasus Railways have been
chosen to design the stretch.
The press service of the ministry said the representatives of these
companies presented a detailed draft plan, selected from five options.
It said the work on the feasibility study will begin after the draft
project is approved.
The construction of the 32-km long stretch from Vanadzor to Fioletovo
was estimated to cost $100 million. The financing will be carried out
jointly by the Armenian and Russian sides. The Anti-Crisis Fund of the
Eurasian Economic Community has pledged $49.9 million loan to Armenia.
The remaining 50% of the project will be financed by Russia.
Sibgiprotrans has 70 years of experience in the field of research
and design and construction of transport facilities. It is one of
the leading design company of the industry with the focus of railway
facilities.
From: A. Papazian
/ARKA/
AUGUST 19, 2011
YEREVAN
YEREVAN, August 19. / ARKA /. Armenian transport and communications
minister Manuk Vardanian met today with representatives of Russian
Sibgiprotrans design firm and the South Caucasus Railways, operating
Armenia's railroads and gave them 10 days to present the feasibility
plan for construction of a 32-km long railway stretch from Vanadzor,
the administrative center of Lori province and Fioletovo village in
the same province.
Sibgiprotrans design firm and the South Caucasus Railways have been
chosen to design the stretch.
The press service of the ministry said the representatives of these
companies presented a detailed draft plan, selected from five options.
It said the work on the feasibility study will begin after the draft
project is approved.
The construction of the 32-km long stretch from Vanadzor to Fioletovo
was estimated to cost $100 million. The financing will be carried out
jointly by the Armenian and Russian sides. The Anti-Crisis Fund of the
Eurasian Economic Community has pledged $49.9 million loan to Armenia.
The remaining 50% of the project will be financed by Russia.
Sibgiprotrans has 70 years of experience in the field of research
and design and construction of transport facilities. It is one of
the leading design company of the industry with the focus of railway
facilities.
From: A. Papazian