IRAN-ARMENIA RAILWAY ISSUES

The Messenger
Dec 23 2009
Georgia

The Asian Development Bank has issued a grant of USD 1 million for
the production of a feasibility study into Iran-Armenia railway
construction. Gurgen Sarkisian, the Armenian Minister for Transport
and Communications, said this in Yerevan on December 21. Iran has
taken on a commitment to financially support this project.

The Asian Development Bank is considering issuing further loans to
this project. The Armenian Government has created a company which
will be involved in organising the project.

In Tehran last April Iran and Armenia signed an agreement on the
construction of railways. This construction will cost approximately
USD 1.5 billion and take 5-6 years. The feasibility study for this
should be ready in three months.