RZD CAN JOIN IRAN-ARMENIA LINK CONSTRUCTION BUT WON’T FINANCE IT

PanARMENIAN.Net
28.10.2008 17:17 GMT+04:00

/PanARMENIAN.Net/ Russian Railways (RZD) can join construction of
the Iran-Armenia link but won’t finance it, President of the Russian
monopoly Vladimir Yakunin said.

"Armenia supposes that a new link connecting it with Iran is
essential. However, concession funds and RZD investments will not be
spent on construction. I don’t think the Armenian side will be the only
investor. To all appearance, it will be a financial consortium. We
are ready to consider the possibility of our participation but other
financial sources will be used for it," he said, RIA Novosti reports.