ASIAN DEVELOPMENT BANK TO PROVIDE MONEY FOR MAKING TECHNICAL-ECONOMIC PROJECT OF CONSTRUCTION OF IRAN-ARMENIA RAILWAY

ARMENPRESS
March 17, 2009

YEREVAN, MARCH 17, ARMENPRESS: Asian Development Bank (ADB) will
provide money for formation of the technical-economic project of
construction of Iran-Armenia railroad.

Armenian Transport and Communication Minister Gurgen Sargsian told
Armenpress that the Armenian side has recently conducted discussions
with the authorities of the corresponding department of the Bank
and the latter expressed readiness to provide money for the project
drafting.

"Only after finishing these works it will become clear how much the
construction of the railroad will cost",- the minister said.

The Armenian side also negotiates with Iranian, Russian sides and the
World Bank for the construction of the railway. All the interested
sides have expressed readiness to somehow take part in this project.

G. Sargsian also reminded that the Armenian specialists have conducted
researches in that direction. Three variants of construction of the
railway have already been suggested the most preferable of which is
the one which runs from Meghri to Sevan.