Mehr News Agency, Iran
April 7 2007
New Armenia-Iran railway to cost $1b
TEHRAN, April 7 (MNA) — The building of the new railway between
Armenia and Iran will cost $1 billion, Armenia’s acting Transport and
Communication Minister Andranik Manukian said, the Persian service of
ISNA news agency reported here on Saturday.
There is a strong desire to carry out the project, said the Armenian
official, adding, `We are trying to find an investor to complete the
project.’
At present, there exists a railroad between Iran and the former
Soviet republic but since it passes through the Nakhichevan – a
controversial area between Armenia and Azerbaijan Republic – it is
not currently in use, the minister added.
Economic experts believe that given the possible resolution of the
dispute between Armenia and Azerbaijan Republic over the
Nagorno-Karabakh region, the building of the new railway would be
uneconomical.
Disclaimer: This article was contributed and translated into English by Felekian Ara. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2007/04/08/tehran-new-armenia-iran-railway-to-cost-1b/