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Iran & Armenia stop talks over Kajaran tunnel

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  • Iran & Armenia stop talks over Kajaran tunnel

    ArmenPress
    Dec 3 2004

    IRAN AND ARMENIA STOP TALKS OVER KAJARAN TUNNEL

    YEREVAN, DECEMBER 3, ARMENPRESS: A senior official of Armenian
    transport and communication ministry told Armenpress that Armenia and
    Iran cancelled talks on construction of a tunnel in southern Armenian
    Kajaran that was supposed to provide a short and safe overland road.
    The official, Eduard Karapetian, who is head of a ministry's
    department supervising investment projects, said the construction was
    estimated to cost between $50-$60 million. He said Armenian turned
    down terms of a loan that was promised by Iran, as they were
    "business loans."
    He said Armenia does not have enough money to finance the
    construction all alone. The official said instead a new road may be
    constructed. He said some 40 million drams earmarked by 2005 draft
    budget for preparing a feasibility plan for Kajaran tunnel will be
    directed for construction of an alternative road.
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