China interested in helping Armenia build Iran-Armenia railroad and North-South Highway: PM
22.09.2010,
19:33
Armenia and China have once again stressed their interest and partnership in construction of Iran-Armenia railroad and North-South Highway, Armenian prime minister Tigran Sarkisian said in response to a question from ARKA news agency as he was visiting Sh
SHANGHAI, September 21, /ARKA /. Armenia and China have once again stressed their interest and partnership in construction of Iran-Armenia railroad and North-South Highway, Armenian prime minister Tigran Sarkisian said in response to a question from ARKA news agency as he was visiting Shanghai.
The prime minister said the Armenian side had sent all necessary documents that detail both projects to Chinese colleagues which are studying them.
On January 14, 2010 the Armenian government approved the investment program for building the North-South transport corridor and a framework $500 million loan agreement with the Asian Development Bank. The government approved also an agreement on disbursement of the first tranche of the loan in the amount of $60 million.
The construction of Iran-Armenia railway will allow Armenia to use alternative railroads to transport energy resources and other commodities. The agreement was signed on April 15, 2009 in Tehran. According to some preliminary estimates, the project cost may vary between $1.5 -$2 billion. -0-
The prime minister said the Armenian side had sent all necessary documents that detail both projects to Chinese colleagues which are studying them.
On January 14, 2010 the Armenian government approved the investment program for building the North-South transport corridor and a framework $500 million loan agreement with the Asian Development Bank. The government approved also an agreement on disbursement of the first tranche of the loan in the amount of $60 million.
The construction of Iran-Armenia railway will allow Armenia to use alternative railroads to transport energy resources and other commodities. The agreement was signed on April 15, 2009 in Tehran. According to some preliminary estimates, the project cost may vary between $1.5 -$2 billion. -0-
