YEREVAN. – Armenian transit can be competitive and may attract Iranian carriers, Armenian Minister of Transport Gagik Beglaryan said on Wednesday.

The government has not yet found funds for the construction of a new railway connecting  Iran and Armenia, but can offer an option of a road transit to Yeraskh village in Ararat region and then by rail to the Black Sea.

“As compared with Azerbaijani transit, the price difference is about $500. The Iranian transport companies are showing interest. Iranian partners know that we modernize transit highways within the framework of the North – South road corridor,” he said, announcing construction in the southern section which includes a 5-kilometer long tunnel.