Armenian government continues to seek investors in the Iran – Armenia railway, announced the Prime Minister of Armenia Hovik Abrahamyan in parliament, commenting on the results of his visit to Iran, Armenian News reports.
The PM reminded that Dubai-based Rasia FZE investment company was already interested in the project and currently Armenia seeks additional investors.
“This project, as you know, is very important for our country. The Iranian leadership is ready to cooperate, and as soon as we find funding for the project, will help us to implement it,” the Prime Minister said.
The construction of the railway, according to preliminary data, is estimated at $3.2 billion, and Rasia FZE is ready to invest 60% of the required amount. Construction is expected to last up to 6 years. According to the document, which the company introduced in February to the Armenian Government, the construction could start in 2016 and end in 2022.
Source: http://news.am
Share on:
