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YEREVAN. – The transport ministry of Armenia has gone one step ahead in the negotiations with investors for construction of the Iran-Armenia railway.

The Minister of Transport, Communication and Information Technologies, Vahan Martirosyan, told the aforesaid to Armenian

In recent times, the ministry again held talks with the Dubai-based Rassiya FZE company. The minister, however, did not provide any details of these negotiations.

Rassiya FZE had signed a memorandum with the ministry back in 2013. Accordingly, the company had to prepare a feasibility study for the Iran-Armenia railway project, but it has not submitted it yet.

Construction cost of the new route section of this railway project is estimated at $3.2 billion.

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