YEREVAN. – Three Chinese companies are participating in the Iran-Armenia railway talks.

The Minister of Transport and Communication of Armenia, Gagik Beglaryan, on Monday told the aforesaid to reporters in the National Assembly.

The minister noted that, as a result of the Armenian governmental visit to China, the number of Chinese companies, which are interested in the construction of this railway link, has reached three. 

“We expect the representatives of a [said] company to arrive in Armenia by the year’s end, to hold more substantive talks,” Beglaryan added. “Representatives of the other two [Chinese companies] will visit [Armenia] in the spring of 2016.”

The Iran-Armenia railway is planned to build in six years, and the project cost is estimated at US$3.5 billion.