Iran gives Armenia $30 mln-loan for gas pipeline

IranMania News, Iran
Sept 9 2004

LONDON, Sep 9 (IranMania) – Iran has extended a 30-million-dollar
(25-million-euro) loan to Armenia to build a gas pipeline between the
two countries, Armenian President Robert Kotcharian said on Wednesday.

According to Agence France Press (AFP), the loan should enable Yerevan
to finance the 41 kilometres of the 141-kilometre (88-mile) pipeline
that cross Armenian territory, Kocharian told journalists after a
meeting with his Iranian counterpart, Mohammad Khatami.

The construction contract has been awarded to Iranian company Sanir.

Iran and Armenia signed a contract in May, under which Iran will
supply Armenia with a total of 36 bln cubic metres of gas over a
20-year period, expected to start in early 2007.