Tag Archives: asian development bank

Armenia, Iran to be Connected By Rail in Five Years

YEREVAN (RFE/RL)–Armenia and Iran on Friday formalized their plans to construct a railway that would connect the two neighboring countries and significantly boost economic cooperation between them. The Armenian and Iranian ministers of transport signed a preliminary “memorandum of understanding” to that effect after talks in Yerevan. They said the final version of the document

Russia Backing Iran-Armenia Rail Link

TEHRAN (Iran Daily)–Russia could participate in the construction of a major railroad linking Iran and Armenia, according to the president of Russia Railroads. President of Russia Railroads Vladimir Yakunin said the company is ready to participate in the construction of the rail line should Iran, Armenia and Russia agree on the project’s finance, Fars News

Asian Bank Interested in Armenia-Iran Rail Link

YEREVAN (RFE/RL)–The Asian Development Bank (ADB) has allocated about $1.5 million to finance feasibility studies on Armenia’s ambitious plans to build a railway linking to neighboring Iran, Prime Minister Tigran Sargsyan said on Tuesday. “By the middle of next year we will be able to approve business approaches, calculations of cost-effectiveness and to present documen’s