YEREVAN, February 24. /ARKA/. Some 18.3 million tons and 1.2 million passengers are expected to be transported by the Southern Armenia Railway every year, president of Rasia FZE Joseph Borkowski told reporters.
But the rated capacity of the railroad is 25 million tons, he told a press conference Friday.
Borkowski said 1.2 million passengers is a cautious estimate based on Armenia’s turnover with Iran and Georgia.
Borkowski also said the rated speed of the railway is 80 kilometers per hour, with an average of 40km/hour for freight and 70km’hour for passengers cars.
Construction of the Southern Armenia Railway costing $3.2 billion may start already in 2016 and will take up to 6 years. The 300km railway will include bridges, 60 tunnels and 27 stations.
Rasia FZE have conducted the feasibility study for the projects from their own funds.
Expected freight turnover at the railway from Gagarin station (Gegharkunik Marz) to Agarak (Siunik Marz) is 25 million tons per year.
A tripartite memorandum of understanding was signed between Rasia, South Caucasus Railway, and the Ministry of Transport and Communication of the Republic of Armenia back in January 2013.
The Southern Armenia Railway is set to be a 316km long electrified single track railway, which will connect Gavar, near Lake Sevan, to the southern border of Armenia by Meghri and will be integrated with the existing central railway system of the Republic of Armenia.
Rasia FZE and Rasia Group, Rasia Management LLC, Southern Armenia Railway Pte Ltd., and Southern Armenia High Speed Road Pte Ltd. are members of the "Rasia" group of investment and investment management companies based in Dubai, UAE, the Cayman Islands, Armenia and Singapore. Rasia is involved in direct principal investments and investment management primarily in mining and strategic infrastructure. The company has a 30-year concession for the Southern Armenia Railway, with a provision for extension for another 20 years. ($1=412.81drams). –0--