EU TO PROVIDE ARMENIA WITH 2 MLN EUROS TO REPAIR RAILWAYS

Interfax News Agency
Russia & CIS Business and Financial Newswire
March 16, 2006 Thursday 6:06 PM MSK

The European Union will provide Armenia with 2 million euros under a
TRACECA program to repair the Yerevan-Tbilisi railway route, Gagik
Grigorian, the national TRACECA coordinator and head of foreign
relations at the Transport and Communications Ministry, told Interfax.

Armenian specialists estimate that about 200 million euros will be
used to prepare a feasibility study and 1.8 million euros to repair the
most damaged tracks. The timeframe for the project will be determined
after the feasibility study.