ARMENIA BOOSTS EFFORTS TO LINK RAILWAY TO IRAN

FARS News Agency
November 10, 2011 Thursday

TEHRAN (FNA)- Senior Armenian officials said the country is in search
of financing sources for the construction of the railway connecting
Armenia with Iran.

Armenia’s transport and communications minister Manuk Vardanian
said, “There are negotiations with Iran and China as well as other
international donors and private investors.”

During a recent visit to Moscow the Armenian President Serzh Sarkisian
discussed the issue with Russian president Dimitri Medvedev.

First steps have been taken already and the feasibility study is
ready. For Armenia the railway will be significant economically and
strategically. Costs are estimated up to USD2.5bln.

From: A. Papazian