IRANIAN BUSINESS CENTER WILL BE ESTABLISHED IN YEREVAN AND ARMENIAN ONE IN TABRIZ

YEREVAN, JUNE 3. ARMINFO. As a result of an Armenian – Iranian Forum
of Businessmen recently held in Tabriz, an agreement has been reach
on establishment of an Iranian business center in Yerevan and an
Armenian one in Tabriz. Iranian Ambassador to Armenia Ali Reza
Khakikyan informed journalists today.

“The Iranian and Armenian parties have agreed on construction of
a high-voltage power transmission line. The sides are currently
discussing the technical issues,” the Ambassador said. He added that
the construction of the power transmission line and its putting into
exploitation will require some 2 years. Besides, technical and economic
parameters of the project of construction of a water power plant worth
$150 mln are studied. As regards the project of joint construction
of Kajaran tunnel, it was withdrawn from the agenda, as the Armenian
party decided to built an alternative road proceeding from economic
calculations. It should be noted that in 2004 the commodity turnover
between Armenia and Iran grew 8.8% totaling $100 mln.