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.