IranMania.com , Iran
Sept 23 2005

Armenia-Turkmenistan road link via Iran planned

Friday, September 23, 2005 – ©2005 IranMania.com

LONDON, September 23 (IranMania) – Armenia is planning to create a
road transportation network with Turkmenistan via Iran.

According to the Turkmen press, Yerevan and Ashkhabad will use
Iranian territory to establish a road link. The initiative is
expected to significantly boost transit of goods via northern Iran.
Iran has favorable economic relations with both the former Soviet
republics.

Tehran?s permanent trade center, which will be set up in Yerevan,
Armenia at a cost of four mln euros, will present Iran-made goods to
the Armenian market. Goods produced in Iran will be offered in 300
stalls at the center.

Visitors from other Caucasian republics are also expected to visit
the center and purchase goods.

Iran has been trying to bolster bilateral interaction with Armenia in
recent years and plans to build a terminal on its border with Armenia
to transfer oil derivatives to Yerevan.

Armenia views the terminal as important in boosting economic activity
in the Magri region bordering Iran.

Iran and Armenia have also signed a memorandum of understanding to
bolster cooperation in the field of electricity also. Under the MoU,
the two countries reached consensus on implementing the third 400-kw
two-circuit transmission line project, valued at $90 mln.

The two countries are also slated to implement the second phase of
Iran-Armenia pipeline project.