NOT TO FINANCE

Hayots Ashkhar Daily
29 Oct 2008
Armenia

The company "Russian Railways" can participate in the construction
of Iran-Armenia railway but it is not ready to finance this project,
neither by the financial means of its investment projects nor by
the financial means promised when taking "Armenian Railways" under
concessionary management. "Armenia considers it important to build
a new railway linking the country with Iran. The construction will
be realized not with concession money, or the investments made by
"Russian Railways" OJSC, but other resources," the President of the
company Vladimir Yakunin said.
From: Baghdasarian