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Russia not decided on funding of Armenian railroad section - South C

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  • Russia not decided on funding of Armenian railroad section - South C

    Russia not decided on funding of Armenian railroad section - South
    Caucasus Railway

    January 04, 2014 | 13:18

    YEREVAN. - The Russian railways have not yet decided on the funding of
    the construction of the Vanadzor-Fioletovo railroad section in
    Armenia.

    `South Caucasus Railway' Closed Joint-Stock Company General Director
    Victor Rebets told the aforesaid to Armenian News-NEWS.am.

    In Rebets's words, although the technical and economic bases for the
    project are ready, no decision was made along the lines of Russian
    President Vladimir Putin's recent visit to Armenia.

    According to the latest estimates, the construction of this railway
    section may cost $200-250 million. The amount of funding will depend
    on the construction of tunnels and the options for the route, since it
    will pass through mountainous terrain.

    The 37.8-kilometer-long Vanadzor-Fioletovo railroad section will close
    Armenia's northern railway link and reduce, by 70-100 kilometers, the
    freight route between capital city Yerevan and the Georgian border.

    http://news.am/eng/news/185854.html


    From: Baghdasarian
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