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Armenia a democratic haven surrounded by dictatorial regimes
http://www.armradio.am/en/2013/02/14/armenia-a-democratic-haven-surrounded-by-dictatorial-regimes/
15:00 14.02.2013
News of a Dubai-based entity winning a USD3-billion deal to build
Armenia's rail and road project, has piqued investor interest in the
country, Zawya writes.
Dubai-based Rasia FZE along with partner Caucasus Railway signed a
deal with Armenia's Ministry of Transport and Communication to build a
rail-and-road corridor that will link the ports of the Black Sea to
the ports of the Gulf.
It certainly seems to be an ambitious undertaking: The Southern
Armenia Railway is expected to be a 316 kilometre long electrified
single track railway, connecting Gavar, near Lake Sevan, to the
southern border of Armenia by Meghri and will be integrated with the
existing central railway system of Armenia, operated by South Caucasus
Railway CJSC and the operating railway system of Iran.
Meanwhile, the Southern Armenia High Speed Road, being built in the
southern province of Syunik, is set to be a 110-kilometre long
expressway connecting the town of Sisian to the southern border of
Armenia by Meghri.
Rasia has already recruited China Construction Company Ltd. to build
the project.
`Rasia and its consortium members will aim to boost potential local
and international transit freight volumes by investing in the
development of mineral and agricultural projects along the Corridor,'
said Chairman and CEO of Rasia, Mr. Joseph Borkowski.
`There will be additional effort to seek the involvement of nations,
and companies, benefiting from the Corridor including Russia, Iran,
India and the countries of Europe, Central Asia, and the GCC in order
to enhance regional trade relations.'
The USD3-billion transportation project for a USD10-billion,
landlocked economy is major initiative, highlighting the prospects of
opportunities in an economy which is often overshadowed by the larger
and richer economies of Kazakhstan and Azerbaijan.
'But despite its small size, Armenia is no slouch. Considered the most
market-oriented economy in Central Asia, the country has emerged as
democratic haven surrounded by dictatorial and isolated regimes,'
Zawya writes.
http://www.armradio.am/en/2013/02/14/armenia-a-democratic-haven-surrounded-by-dictatorial-regimes/
15:00 14.02.2013
News of a Dubai-based entity winning a USD3-billion deal to build
Armenia's rail and road project, has piqued investor interest in the
country, Zawya writes.
Dubai-based Rasia FZE along with partner Caucasus Railway signed a
deal with Armenia's Ministry of Transport and Communication to build a
rail-and-road corridor that will link the ports of the Black Sea to
the ports of the Gulf.
It certainly seems to be an ambitious undertaking: The Southern
Armenia Railway is expected to be a 316 kilometre long electrified
single track railway, connecting Gavar, near Lake Sevan, to the
southern border of Armenia by Meghri and will be integrated with the
existing central railway system of Armenia, operated by South Caucasus
Railway CJSC and the operating railway system of Iran.
Meanwhile, the Southern Armenia High Speed Road, being built in the
southern province of Syunik, is set to be a 110-kilometre long
expressway connecting the town of Sisian to the southern border of
Armenia by Meghri.
Rasia has already recruited China Construction Company Ltd. to build
the project.
`Rasia and its consortium members will aim to boost potential local
and international transit freight volumes by investing in the
development of mineral and agricultural projects along the Corridor,'
said Chairman and CEO of Rasia, Mr. Joseph Borkowski.
`There will be additional effort to seek the involvement of nations,
and companies, benefiting from the Corridor including Russia, Iran,
India and the countries of Europe, Central Asia, and the GCC in order
to enhance regional trade relations.'
The USD3-billion transportation project for a USD10-billion,
landlocked economy is major initiative, highlighting the prospects of
opportunities in an economy which is often overshadowed by the larger
and richer economies of Kazakhstan and Azerbaijan.
'But despite its small size, Armenia is no slouch. Considered the most
market-oriented economy in Central Asia, the country has emerged as
democratic haven surrounded by dictatorial and isolated regimes,'
Zawya writes.