COMPANY REGISTERED IN UAE TO BUILD ARMENIA-IRAN RAILWAY
NEWS.AM
January 18, 2013 | 15:37
YEREVAN.- Armenia’s Ministry of Transport and Communications announced
launch of “Southern Armenia Railway” and “High Speed Road ” projects.
The project estimated at $3 billion will be implemented by a Rasia
FZE company registered in the United Arab Emirates.
“China and Russia will cooperate with Armenia to develop strategically
important railway which is a key part that North-South Transport
Corridor lacks,” the statement said.
The agreement will be in effect for 30 after the construction is
completed. Trilateral memorandum of understanding was signed by
Transport Ministry, Rasia FZE and South Caucasus Railways CJCS during
a ceremony on Friday.
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