Special Committee on realization of Iran-Armenia railway construction headed by Ashot Shahnazaryan, former head of the RA State Commission for the Protection of Economic Competition is set up. The RA Transport and Communication Minister Gurgen Sargsyan stated in RA National Assembly.

“Funds from international donor organizations for the project implementation will be obtained. In particular, the talks with Iran are underway and already take effect. Deputy ministerial Armenia-Iran-Russia commission is already established,” said Sargsyan, adding that the first commission session was held this July and the next might be in November if case of Iranian side accord. Besides, the agreement with Asian Bank on extension of funds for the implementation of industrial research is reached. According to the Minister, preliminary research was conducted that enables to preplan financial part, workload and financial institutions to negotiate with.

Unlike Iran-Armenia railway project, Iran-Azerbaijan-Russia project is more realistic. The amount of financing is estimated at $7-8 bln. The matter is that the most part of the route is already railed, and certain roads need to be constructed.