There have been numerous proposals aimed at implementing the Iran-Armenia railroad project, however, we prefer to cooperate with two organizations. We have never lacked investment proposals, Gagik Beglaryan, the minister of Transport and Communication, told ArmInfo journalist.
According to him, the Chinese have shown great interest in investing into the project. An Armenian delegation is to pay a working visit to China in September to clarify the details of the proposal. The minister has estimated the Chinese proposals are really favourable ones.
To remind, president of Russian Railways Vladimir Yakunin has previously told ArmInfo that the Armenia-Iran railway project will be futile and has no prospects.
In May 2012 Armenia and Iran signed a concessionaire agreement under which the sides held discussions on the technical and economic grounding and the main tasks of projecting, construction and funding of the programme. The construction is to be carried out within 6 years, the cost of the project is estimated 3.5 bln USD. The length of the road on the Armenian territory is 305 km, it will have 86 bridges of 19.6 km total mileage, as well as 60 tunnels of 102 km total mileage. The construction is to be finished in 2022.