Iran’s co-chairman of the Armenian-Iranian intergovernmental commission, Energy Minister, Majid Namdz told Iranian media that Yerevan and Tehran have agreed to hold discussions on the construction of Iranian-Armenian railway.
“There is an agreement between Armenia and Iran to discuss various issues related to the construction of the railway with the participation of all concerned sides,” said Namdz after signing the Memorandum of Understanding following the eleventh meeting of the Committee held in Yerevan on October 23-25.
According to him, Armenian and Iranian sides pay great attention to the railway construction.
The North-South railway (Iran-Armenia) will allow the Armenian side to use the alternative route of transporting energy resources and other goods. According to the expert estimates, around $1.7-2.8 billion are required to implement the project. Russia, Iran and China are discussing the railway construction.
The World Bank and the Asian Development Bank have expressed interest in the project.
Note, Armenian and Iranian Presidents ,Serzh Sargsyan and Mahmoud Ahmadinejad , instructed ministers of the two countries on December 23, 2011 to start practical implementation of strategic programs to construct the oil pipeline and the Iranian-Armenian railway, as well as hydroelectric power plant on the Araks River in 2012.
