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Russia To Implement Infrastructure Projects In Armenia

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  • Russia To Implement Infrastructure Projects In Armenia

    RUSSIA TO IMPLEMENT INFRASTRUCTURE PROJECTS IN ARMENIA

    Vestnik Kavkaza
    Oct 24 2011

    Russian President Dmitry Medvedev has outlined prospects for the
    development of investment cooperation between Russia and Armenia in
    the energy sector, particularly in nuclear and thermal power generation
    sectors, News-Armenia reports.

    By underlining the importance of the nuclear sector for mutual
    cooperation between the countries, the Russian president also stressed
    that the countries should go beyond this cooperation. He recalled
    that the volume of Russian investments in Armenia is approaching $3
    billion, and expressed confidence that this figure will grow.

    In particular, Russia needs to develop infrastructure projects,
    especially rail transport, Medvedev said.

    The president also named the development of communication and
    information technologies among the promising areas of co-investment,
    recalling that Armenia began to actively implement broadband internet
    before Russia.

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