ARMENIA SUFFERED $680 MILLION LOSS IN RESULT OF WAR IN GEORGIA

AZG Armenian Daily
20/09/2008

Regional

According to Secretary of National Security Council of Armenia Arthur
Bagdasarian, during the days of war in South Ossetia Armenia suffered
serious economic loss because of suspension of goods transportation,
both for import and export.

He said that diversification of energy sources and transportation
routes is a vital issue for Armenia. For that reason the construction
of the Armenia-Iran railway becomes more important. The official
expressed his satisfaction with the position of Iran: during the
blockade in Georgia many goods of vital importance were imported to
Armenia from Iran’s territory.

Bagdasarian informed that at present a project of Armenia-Iran-Russia
railway is being considered. The budget of Iran-Armenia railway
project, where Russia also holds its interest, makes 1-1.5 billion
dollars.