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Tatiana Valovaya: As soon as Armenia joins Customs Union, Iran-Armenia
railway project may come in demand
by Alexandr Avanesov
Saturday, March 29, 17:34
As soon as Armenia joins the Customs Union, the project to build a
railway from Iran to Armenia may come in demand, Integration and
Macroeconomics Minister of the Eurasian Economic Commission Tatiana
Valovaya said on Saturday.
Answering a question by Head of the Union of Native Producers of
Armenia Vazegn Safaryan, Valovaya said that this project has been
neglected so far because of its unprofitability, but considering the
latest developments around Iran, Armenia may become a transit corridor
between that country and the Customs Union. "This will make this
project essential and eligible for realization," Valovaya said.
The Iran-Armenia railway is supposed to connect Asia with Central
Europe. It will be 300 km long and will consist of 27 stations and 60
tunnels. The estimated cost of the project is $3.2bn. The designer is
CCCC International from China, while Rasia FZE from Iran is attracting
investments. As much as 60% of the financing will be provided by
Chinese banks. The construction is to be started in 2016 and to be
finished in 2022.
Referring to the project's feasibility report, CEO of the South
Caucasus Railway Viktor Rebets said earlier that the maximum load of
the railway would be 15mn-18mn tons. This is enough for the project to
pay off.
http://www.arminfo.am/index.cfm?objectid=44ED2B20-B74F-11E3-A2D00EB7C0D21663
From: Baghdasarian
railway project may come in demand
by Alexandr Avanesov
Saturday, March 29, 17:34
As soon as Armenia joins the Customs Union, the project to build a
railway from Iran to Armenia may come in demand, Integration and
Macroeconomics Minister of the Eurasian Economic Commission Tatiana
Valovaya said on Saturday.
Answering a question by Head of the Union of Native Producers of
Armenia Vazegn Safaryan, Valovaya said that this project has been
neglected so far because of its unprofitability, but considering the
latest developments around Iran, Armenia may become a transit corridor
between that country and the Customs Union. "This will make this
project essential and eligible for realization," Valovaya said.
The Iran-Armenia railway is supposed to connect Asia with Central
Europe. It will be 300 km long and will consist of 27 stations and 60
tunnels. The estimated cost of the project is $3.2bn. The designer is
CCCC International from China, while Rasia FZE from Iran is attracting
investments. As much as 60% of the financing will be provided by
Chinese banks. The construction is to be started in 2016 and to be
finished in 2022.
Referring to the project's feasibility report, CEO of the South
Caucasus Railway Viktor Rebets said earlier that the maximum load of
the railway would be 15mn-18mn tons. This is enough for the project to
pay off.
http://www.arminfo.am/index.cfm?objectid=44ED2B20-B74F-11E3-A2D00EB7C0D21663
From: Baghdasarian