TEHRAN (FNA)–The Iran-Armenia railway is a project of great strategic importance not only for the two states but also for the whole region, Iran’s ambassador to Yerevan said on Wednesday.
Iranian Ambassador to Armenia Seyed Ali Saqqaiyan told Armenpress news agency on Tuesday that the railway can be used, for among other things, cargo transportation.
“Besides that we expect the investors to display interest in the project and Russia seems keen on participating in the implementation of the project,” the Ambassador noted.
Armenia and Iran formalized their plans to construct the railway connecting the two neighboring countries in April when Armenian President Serzh Sarkisian signed an agreement to that affect on his visit to Tehran.
Experts and specialist are now discussing different options for the direction of the railway, Ali Saqqaiyan said.
According to early estimates, $2 billion of investment is needed for the construction of the railway. The World Bank and the Asian Development Bank have already signaled interest in the project.