YEREVAN. – Iran will not make an invest in the Armenian sector of the Iran-Armenia railway. 

Iranian Ambassador to Armenia, Mohammad Reisi, noted the aforementioned at a press conference on Friday, and in response to a question posed by the Armenian News-NEWS.am reporter.

“Iran has stated that it does not need that railway so much. But if investors are found, our country is ready to build the [Iranian] sector reaching until the Armenian border. As for the Armenian sector [of the railway], Iran stands ready to provide engineering and technical advice there.

“Iran has numerous communication alternatives that enable to maintain the connection with Europe and other regions. But we are committed to the previously signed agreements,” Ambassador Reisi also stressed.    

According to most recent calculations, the construction of the Iran-Armenia railway is valued at $3.5 billion.