Announcement

Collapse
No announcement yet.

World Bank, Assian Development Bank Interested In Armenia-Iran Railw

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • World Bank, Assian Development Bank Interested In Armenia-Iran Railw

    WORLD BANK, ASSIAN DEVELOPMENT BANK INTERESTED IN ARMENIA-IRAN RAILWAY CONSTRUCTION PROJECT

    ARKA
    Oct 31, 2008

    YEREVAN, October 31. /ARKA/. The World Bank (WB) and the Asian
    Development Bank (ADB) are interested in construction of Armenia-Iran
    railway, RA Minister of Transport and Communication Gurgen Sargsyan
    reported during today's parliamentary discussions on the draft
    2009 budget.

    Armenia is negotiating over ADB's possible participation in the
    project, the minister added.

    Sargsyan showed comprehension to Russia's statements that it will gain
    nothing the railway construction project. "If it is two-or-three-year
    payback, we can understand those arguments. However, we speak about
    a railway that has a strategic importance for Armenia," the minister
    was quoted saying.

    President of the Russian Railways Vladimir Yakunin formerly said the
    company had no intention to allocate concession funds for construction
    of Iran-Armenia railway.

    At the same time, the transport minister said Yakunin's statements
    concern the funds provided by the concession agreement.

    The Russian Railways is to allocate 175bln drams for the Armenian
    railway in 30 years, Sargsyan said, adding the agreement has nothing
    to do with Iran-Armenia railway construction.

    "Financing of this project is a different matter. The feasibility
    study on the project is under way and the Armenian president has
    reckoned it among national programs," the minister said.

    Rail communication with Iran will enable Armenia to boost exports and
    gain new markets. Currently Georgia is the only link between Armenia
    and the outside world.
Working...
X