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Russia to Invest on Iran-Armenia Railway

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  • Russia to Invest on Iran-Armenia Railway

    Moj News Agency, Iran
    May 7 2009

    Russia to Invest on Iran-Armenia Railway


    Armenian transportation and communication minister Gurgen Sargsian
    said that his country tends to absorb Russian and other financial
    resources for establishment of Iran-Armenia rail way. Iranian side has
    announced readiness to grant Armenia a 400-million-dollar loan,
    Sargsian said adding that "on the other side Iran will finance the
    part of the railway passes through the Iranian territories." Armenia
    tends to supply the required finance via various financial fields
    including Iranian loan, Russian resources, Asian Development Bank and
    the World Bank. 2009/05/07

    From: Emil Lazarian | Ararat NewsPress
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