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Regional

Aram Sarsgsyan: Armenia's accession to Customs Union will stimulate construction of railway to Iran

  • by Marianna Mkrtchyan

  • Tuesday, October 1, 21:24

By accessing the Customs Union Armenia will get an opportunity to implement serious investment programs to achieve the high-level integration of the Customs Union member-countries, Aram Sargsyan, Leader of the Democratic Party of Armenia told ArmInfo.

He said that the projects to be implemented in Armenia are already known unlike the projects of the Association with the EU. 

"At present, Armenia needs a railway that would link Europe to Bandar Abbas Port in the Persian Gulf.  Such railway would make Armenia a transit country.

Europeans sail across 4-6 seas to deliver goods to the Persian Gulf, which is very expensive and not safe. Meanwhile, the only overland way is via Europe, Ukraine, Russia, Abkhazia, Georgia, Armenia, Iran and Bandar Abbas Port.  A Tehran-Ashkhabad railway, in turn, opens the way to the East up to the Indian Ocean," he said. Sargsyan thinks that a railway would bring Armenia very solid dividends, as Europe will become really interested in peace in the region.

Sargsyan said that Russia is ready to invest $500 million in construction of the railway to Meghri. If the project is a success, Europe and Georgia will be interested in opening the Abkhazian railway. 

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