Russia not decided on funding of Armenian railroad section - South C

[Baghdasarian Karlen]

Russia not decided on funding of Armenian railroad section - South
Caucasus Railway

January 04, 2014 | 13:18

YEREVAN. - The Russian railways have not yet decided on the funding of
the construction of the Vanadzor-Fioletovo railroad section in
Armenia.

`South Caucasus Railway' Closed Joint-Stock Company General Director
Victor Rebets told the aforesaid to Armenian News-NEWS.am.

In Rebets's words, although the technical and economic bases for the
project are ready, no decision was made along the lines of Russian
President Vladimir Putin's recent visit to Armenia.

According to the latest estimates, the construction of this railway
section may cost $200-250 million. The amount of funding will depend
on the construction of tunnels and the options for the route, since it
will pass through mountainous terrain.

The 37.8-kilometer-long Vanadzor-Fioletovo railroad section will close
Armenia's northern railway link and reduce, by 70-100 kilometers, the
freight route between capital city Yerevan and the Georgian border.

http://news.am/eng/news/185854.html


From: Baghdasarian