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Tatiana Valovaya: As soon as Armenia joins Customs Union, Iran-Armen

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  • Tatiana Valovaya: As soon as Armenia joins Customs Union, Iran-Armen

    Tatiana Valovaya: As soon as Armenia joins Customs Union, Iran-Armenia
    railway project may come in demand

    by Alexandr Avanesov

    Saturday, March 29, 17:34

    As soon as Armenia joins the Customs Union, the project to build a
    railway from Iran to Armenia may come in demand, Integration and
    Macroeconomics Minister of the Eurasian Economic Commission Tatiana
    Valovaya said on Saturday.

    Answering a question by Head of the Union of Native Producers of
    Armenia Vazegn Safaryan, Valovaya said that this project has been
    neglected so far because of its unprofitability, but considering the
    latest developments around Iran, Armenia may become a transit corridor
    between that country and the Customs Union. "This will make this
    project essential and eligible for realization," Valovaya said.

    The Iran-Armenia railway is supposed to connect Asia with Central
    Europe. It will be 300 km long and will consist of 27 stations and 60
    tunnels. The estimated cost of the project is $3.2bn. The designer is
    CCCC International from China, while Rasia FZE from Iran is attracting
    investments. As much as 60% of the financing will be provided by
    Chinese banks. The construction is to be started in 2016 and to be
    finished in 2022.

    Referring to the project's feasibility report, CEO of the South
    Caucasus Railway Viktor Rebets said earlier that the maximum load of
    the railway would be 15mn-18mn tons. This is enough for the project to
    pay off.

    http://www.arminfo.am/index.cfm?objectid=44ED2B20-B74F-11E3-A2D00EB7C0D21663


    From: Baghdasarian
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