ArmInfo. Armenia is currently actively working with Iran and Georgia for implementing new projects in various fields, Deputy Foreign Minister Shavarsh Kocharyan stated in parliament today.
At the same time he stressed that there is an unspoken arrangement with Iran and Georgia to work and implement much and announce a little of it, so most of the work is not publicized. At the same time the Deputy Minister informed that currently negotiations are being held on opening transit routes connecting Iran with European and Asian countries through Armenia and Georgia's territories.
As for the Iran-Armenia railway the problem is in finding new financial resources. "Iran is ready to finance its part of the railway, the question of financing the Armenian section remains open. Unfortunately, Iran can not finance construction of the Armenian section as after lifting sanctions it needs financial inflows in its own economy", Kocharyan explained.
Answering to the question why in such a case the project of Iran-Azerbaijan railway is being successfully implemented Kocharyan assured that Azerbaijan has taken financing of the whole project.
Kocharyan also informed that by the end of this year a high-voltage Georgia-Armenia power transmission line will be finished, while Iran-Armenia power transmission line will be built by the end of 2017. According to Kocharyan Armenia will provide electricity to Iran, while Iran in turn will provide it to Iraq. Thus, Armenia will export electricity to Iraq via Iran.
The Armenian government approved preliminary program of Iran-Armenia railway construction on August 7 2014. According to the program the railway will be 305 km long and will consist of 64 bridges and 60 tunnels. The estimated cost of the project is $3.5bn. it was expected that the construction would finish in 2022. It is anticipated that the annual freight activity on the railway route from Gagarin Station (Gegharkunik region) to Agarak (Syunik region) will total 25 million tons. Chinese banks are interested in the project and have expressed readiness to provide 60% of financing.
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