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TEHRAN: Ahmadinejad Arrives In Armenia To Inaugurate Gas Pipeline

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  • TEHRAN: Ahmadinejad Arrives In Armenia To Inaugurate Gas Pipeline

    AHMADINEJAD ARRIVES IN ARMENIA TO INAUGURATE GAS PIPELINE

    Islamic Republic News Agency, Iran
    March 19 2007

    President Mahmoud Ahmadinejad has arrived at an Armenian border town
    for the inauguration of a newly constructed pipeline that will transfer
    Iranian gas to Armenia.

    The Iranian president and his Armenian counterpart, Robert Kocharyan,
    will preside over the inauguration ceremony within the next few
    minutes.

    The 110km pipeline, 70km of which is within Iranian territory, is
    40km from the Armenian border to the city of Kajaran.

    Test operations on the project have been conducted. The project is
    be delivered to Armenia within the next few months.

    The pipeline has an approximate cost of USD 33 million, 85 percent
    of which was financed by the Export Development Bank of Iran (EDBI)
    with the remaining 15 percent put up by Yerevan.
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