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MENA Today
January 25, 2013 Friday
Dubai's Raisa to build USD 3bn transport projects in Armenia.
Dubai investment firm Raisa will lead a consortium that will build USD
3bn worth of high-speed rail and road projects in Armenia, Gagik
Beglaryan, Armenia's Transport Minister was cited as saying by
ArabianBusiness. The consortium will work on the Southern Armenia
Railway and Southern Armenia High Speed Road projects in cooperation
with South Caucasus Railway, he added. The 316-km Southern Armenia
Railway will link Gavar, near Lake Sevan, with the southern border of
Armenia by Meghri and will be integrated within the existing Armenia's
central railway system. The 100-km Southern Armenia High Speed Road
will reportedly be built in Armenia's southern province of Syunik
connecting the town of Sisian to the southern border of Armenia by
Meghri. Besides construction work, Raisa will operate the projects for
a 30-year period that could be renewed by Rasia for another 20 years.
January 25, 2013 Friday
Dubai's Raisa to build USD 3bn transport projects in Armenia.
Dubai investment firm Raisa will lead a consortium that will build USD
3bn worth of high-speed rail and road projects in Armenia, Gagik
Beglaryan, Armenia's Transport Minister was cited as saying by
ArabianBusiness. The consortium will work on the Southern Armenia
Railway and Southern Armenia High Speed Road projects in cooperation
with South Caucasus Railway, he added. The 316-km Southern Armenia
Railway will link Gavar, near Lake Sevan, with the southern border of
Armenia by Meghri and will be integrated within the existing Armenia's
central railway system. The 100-km Southern Armenia High Speed Road
will reportedly be built in Armenia's southern province of Syunik
connecting the town of Sisian to the southern border of Armenia by
Meghri. Besides construction work, Raisa will operate the projects for
a 30-year period that could be renewed by Rasia for another 20 years.