Tweet
PRESIDENT OF RASIA FZE PRESENTS BRIEF SUMMERY OF SOUTHERN RAILWAY ARMENIA AND SOUTHERN HIGH SPEED ROAD OF ARMENIA PROJECTS
YEREVAN, May 2. /ARKA/. President and Chief Executive Officer of
investment company Rasia FZE, Joseph Borkowski, presented today a
brief summery of Southern Railway Armenia and Southern High Speed Road
of Armenia projects to Armenia's acting transport and communications
minister Gagik Beglarian.
In 2012, Armenia signed two concession agreements with Rasia to
develop transport projects on a public-private partnership (PPP)
basis. Feasibility studies started at the end of December 2012, and
if Rasia finds the projects economically grounded, it will take up
the funding.
During the meeting today Borkowski said that a mining project,
carried out by a Chinese company Fortune Oil, the volume of railway
cargo transportation is expected to surge significantly.
"By working together we have to create a project that will bring
together the interests of all parties, as the Southern Railway of
Armenia and the Southern High Speed Road of Armenia are of great
strategic importance for the country. The ministry is ready to provide
all possible support for the effective implementation of the project,"
Beglaryan was quoted as saying in a press release.
Rasia FZE and Rasia Group, Rasia Management LLC, Southern Armenia
Railway Pte Ltd., and Southern Armenia High Speed Road Pte Ltd. are
members of the "Rasia" group of investment and investment management
companies based in Dubai, UAE, the Cayman Islands, Armenia and
Singapore.
Rasia is involved in direct principal investments and investment
management primarily in mining and strategic infrastructure.
Southern Railway of Armenia and the Southern High Speed Road will be
part of the international transport corridor North-South. They are
estimated to cost $3 billion.
The agreement covers the construction of a 316km railway linking
Gavar, 50km east of Yerevan near Lake Sevar, with the Iranian border
near Meghri, as well as a 110km highway in the southern province of
Syunik. The electrified, single-track railway line will be part of
a new north-south corridor linking the Black Sea and the Persian Gulf.
The project is expected to create the shortest transportation link
from the ports of the Black Sea to the ports of the Persian Gulf,
improving regional connectivity. -0-
From: A. Papazian
YEREVAN, May 2. /ARKA/. President and Chief Executive Officer of
investment company Rasia FZE, Joseph Borkowski, presented today a
brief summery of Southern Railway Armenia and Southern High Speed Road
of Armenia projects to Armenia's acting transport and communications
minister Gagik Beglarian.
In 2012, Armenia signed two concession agreements with Rasia to
develop transport projects on a public-private partnership (PPP)
basis. Feasibility studies started at the end of December 2012, and
if Rasia finds the projects economically grounded, it will take up
the funding.
During the meeting today Borkowski said that a mining project,
carried out by a Chinese company Fortune Oil, the volume of railway
cargo transportation is expected to surge significantly.
"By working together we have to create a project that will bring
together the interests of all parties, as the Southern Railway of
Armenia and the Southern High Speed Road of Armenia are of great
strategic importance for the country. The ministry is ready to provide
all possible support for the effective implementation of the project,"
Beglaryan was quoted as saying in a press release.
Rasia FZE and Rasia Group, Rasia Management LLC, Southern Armenia
Railway Pte Ltd., and Southern Armenia High Speed Road Pte Ltd. are
members of the "Rasia" group of investment and investment management
companies based in Dubai, UAE, the Cayman Islands, Armenia and
Singapore.
Rasia is involved in direct principal investments and investment
management primarily in mining and strategic infrastructure.
Southern Railway of Armenia and the Southern High Speed Road will be
part of the international transport corridor North-South. They are
estimated to cost $3 billion.
The agreement covers the construction of a 316km railway linking
Gavar, 50km east of Yerevan near Lake Sevar, with the Iranian border
near Meghri, as well as a 110km highway in the southern province of
Syunik. The electrified, single-track railway line will be part of
a new north-south corridor linking the Black Sea and the Persian Gulf.
The project is expected to create the shortest transportation link
from the ports of the Black Sea to the ports of the Persian Gulf,
improving regional connectivity. -0-
From: A. Papazian