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Iran, Armenia Hail Economic Cooperation

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  • Iran, Armenia Hail Economic Cooperation

    IRAN, ARMENIA HAIL ECONOMIC COOPERATION

    asbarez
    Wednesday, October 31st, 2012

    Armenian and Iranian presidents during a meeting last year

    YEREVAN-Iranian President Mahmoud Ahmadinejad said on Tuesday that
    expansion of economic cooperation will help strengthen the ancient
    and friendly ties between Iran and Armenia, Iran's state-run IRNA
    agency reported.

    In a telephone conversation with Armenian President Serzh Sarkisian,
    Ahmadinejad described the recent meeting of the two countries' Joint
    Economic Cooperation Commissions in Yerevan as successful.

    "The meeting was an emphasis on consolidating the ancient ties and
    shows that Tehran and Yerevan are determined further raise the level
    of bilateral relations," he said.

    Sarkisian, for his part, said that holding the commission meeting
    served as an incentive for promoting economic cooperation.

    "Iranian companies' participation in the Armenian projects contribute
    to the deepening friendship between the two nations," he said,
    according to IRNA.

    Last week Armenia and Iran vowed to boost economic cooperation,
    increase bilateral trade and speed up joint energy projects including
    a hydro-electric power plant on their shared border.

    "The high level of political relations between the countries requires
    corresponding activity in the economic sphere too," Armenian Energy
    Minister Armen Movsisian said at a meeting with his Iranian counterpart
    Majid Namjoo.

    Movsisian said that construction of the hydro-electric power plant
    on the Arax river would begin in November.

    The problems hampering the construction of the Armenia-Iran third
    high voltage line have been resolved, Iranian co-chairman of the
    Armenian-Iranian intergovernmental commission, Namjoo said last week.

    "The problems and obstacles have been eliminated, so at present,
    the Iranian contractor must make every effort to build this line,"
    Namjoo said after signing the Memorandum of Understanding following
    the eleventh meeting of the Commission in Yerevan.

    Movsisian said that Namjoo's appointment as a co-chairman of the
    commission has given a new impetus to the implementation of programs,
    particularly the process of building a power line which will be
    completed rapidly.

    According to the Energy Ministry, a new power line from Iran to
    Armenia is being constructed by Iranian company Sanir. The project
    cost is estimated at 100-105 million euros.

    Yerevan and Tehran have agreed to hold discussions on the construction
    of Iranian-Armenian railway, Iran's co-chairman of the Armenian-Iranian
    intergovernmental commission, Energy Minister Namjoo said.

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