AMERICAN COMPANIES CANNOT PARTICIPATE IN KARS-AKHALKALAKI CONSTRUCTION

Lragir.am
15 June 06

American companies are not allowed to take part in the construction of
Kars-Akhalkalaki railroad. The National Armenian Committee of America
told the news agency ARKA June 15 that the financial committee of the
U.S. House adopted a decision on this. In particular, the document
forbids the U.S. Export Import Bank to assist in the construction
of the Kars-Akhalkalaki-Tbilisi-Baku railroad, bypassing Armenia,
intended to start in the second half of 2006, and with projected
costs of about 500 million dollars.