IRANIAN INVESTMENT IN ARMENIA OF ‘STRATEGIC IMPORTANCE’: OFFICIAL
Tehran Times
April 28 2009
Iran
Tehran Times Economic Desk
MOSCOW – Iranian investment in Armenian projects is of strategic
importance, the secretary of the National Security Council of Armenia
stated at a press conference in Yerevan on Monday.
IRNA news agency quoted Arthur Baghdasaryan as saying that Iran’s
share of investment in Armenian projects will reach $980 million.
The official pointed out the importance of the Iran-Armenia railway
and said the project makes the connection of Armenia to other central
Asian countries via Iran possible, adding, it would create great
job opportunities.
The 470-kilometer long Iran-Armenia railway, connecting the border
regions and creating the first rail link between the two countries,
is expected to boost trade relations