YEREVAN.- The Iranian side is ready for the construction of Iran-Armenia railway and expects necessary financing, Ambassador to Armenia Seyed Ali Saqqaiyan said.
Addressing the Yerevan University students, Ambassador recalled the recent meeting of the working group with the participation of the Russian, Iranian and Armenian deputy ministers of transport.
“Head of the Russian Railways also expressed positive attitude to the project during his recent visit to Yerevan. The project is expensive and the experts determine figures amounting to several billion dollars. However, we are determined to participate,” he said.
According to preliminary assessment, the project was estimated at $1.5-2 billion. In 2010 Armenia submitted an application on construction to the EurAsEC Anti-Crisis Fund. The possibility of China’s participation was discussed as well.
