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Asian Development Bank To Provide Money For Making Technical-Economi

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  • Asian Development Bank To Provide Money For Making Technical-Economi

    ASIAN DEVELOPMENT BANK TO PROVIDE MONEY FOR MAKING TECHNICAL-ECONOMIC PROJECT OF CONSTRUCTION OF IRAN-ARMENIA RAILWAY

    ARMENPRESS
    March 17, 2009

    YEREVAN, MARCH 17, ARMENPRESS: Asian Development Bank (ADB) will
    provide money for formation of the technical-economic project of
    construction of Iran-Armenia railroad.

    Armenian Transport and Communication Minister Gurgen Sargsian told
    Armenpress that the Armenian side has recently conducted discussions
    with the authorities of the corresponding department of the Bank
    and the latter expressed readiness to provide money for the project
    drafting.

    "Only after finishing these works it will become clear how much the
    construction of the railroad will cost",- the minister said.

    The Armenian side also negotiates with Iranian, Russian sides and the
    World Bank for the construction of the railway. All the interested
    sides have expressed readiness to somehow take part in this project.

    G. Sargsian also reminded that the Armenian specialists have conducted
    researches in that direction. Three variants of construction of the
    railway have already been suggested the most preferable of which is
    the one which runs from Meghri to Sevan.
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