ASIAN BANK TO PROVIDE 1.5 MILLION DOLLARS FOR DEVELOPING CONSTRUCTION PROJECTS OF ARMENIA-IRAN RAILWAY
Noyan Tapan
Oct 21, 2008
YEREVAN, OCTOBER 21, NOYAN TAPAN. The Armenian government has reached
an agreement with the Asian Bank on allocation of 1.5 million dollars
for the development of construction projects of an Armenia-Iran
railway, Armenian Prime Minister Tigran Sargsian announced on
October 21.
In his words, it is envisaged that the business approaches to
invetsments necessary for the railway’s construction and to the
ownership of the railway, as well as feasibility studies will be
approved in mid 2009. The prime minister said that the approved
documents will be presented to representatives of the private sector
so that they could participate in the project. "We propose that our
strategic partners should participate in this project and we hope
that next year we will be able to report on serious progress in this
sphere," T. Sargsian stated.