Director General of the South Caucasus Railways Viktor Rebets visited Iran where he held meetings with the leadership of Iranian Chamber of Commerce and Transport Ministry.

During the bilateral meetings, the sides discussed prospects of construction of Southern Railway, forecasted flow of cargo, possibility of building a logistics center based on Yeraskh station.

The launch of Southern Armenia Railway and Southern Armenia High Speed Road Projects estimated at $3 billion was announced in January 2013.

Trilateral memorandum of understanding on regional cooperation was signed by Armenian Transport Ministry, Dubai-based Rasia FZE and South Caucasus Railways CJCS in January.