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  • Financial sources to build railroad and atomic power station undefin

    FINANCIAL SOURCES TO BUILD RAILROAD AND ATOMIC POWER STATION UNDEFINED

    Panorama.am
    17:19 02/12/2008

    In order to meet the challenges of international crisis, to guarantee
    investments and financial streams the Government of Armenia has
    taken the initiative to build new atomic power station, Iran-Armenia
    railroad and to establish pan-Armenian bank, said Vardan Ayvazyan,
    the Chairman of NA Standing Committee on Economic Affairs, during a
    press conference.

    Economist Andranik Tevanyan, the head of "Polit-economy" research
    institute is concerned that Armenian Government confuses its people
    presenting such projects. Tevanyan said that the state budget of 2009
    does not include any of those projects.

    Regarding this Vardan Ayvazyan said that investments will be made
    for the railroad, whereas Mr. Tevanyan answered that the Minister
    of Transport of Russian Federation Mr. Levitin himself has said that
    they would not adopt that strategy.

    It turned out that projects are announced without having definite
    sources for them, said Mr. Tevanyan.
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