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Negotiation on Financing of Construction of Second Section

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  • Negotiation on Financing of Construction of Second Section

    NEGOTIATION ON FINANCING OF CONSTRUCTION OF SECOND SECTION
    OF GAS PIPE-LINE IRAN-ARMENIA TO BE FINISHED SOON


    YEREVAN, JUNE 23. ARMINFO. The negotiations on financing of the
    construction of the second section of the gas pipe-line Iran-Armenia
    will be over in the nearest future. Deputy Energy Minister of Armenia
    Areg Galstian informed journalists during the briefing, Thursday.

    According to him, this project is basic in the concept of the energy
    development of Armenia till 2025, approved by the Government of the
    republic Thursday. It is divided into two sections on probation - the
    first one from Meghri to Kajaran, and the second - from Kajaran to
    Ararat. The construction of the first section, which is being
    continued intensively, started in Nov of last year. It is implemented
    through the credit of Iran's Government worth $30 mln. The Iranian
    company Sanir is the general contractor is the project. The deputy
    minister reminded that the whole project will be implemented till
    2007. Negotiations for attraction of investors for construction of
    the second section are in process now.

    From: Emil Lazarian | Ararat NewsPress
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