EN
29 July 2009 - 12:12 AMT

Iran-Armenia railroad construction project enters agreement phase

The agreement will be signed with the Asian Development Bank (ADB) over loan funds for the feasibility study (FS) of the Iran-Armenia railroad construction project, Gurgen Sargsyan, Minister of Transport and Communication of Armenia said today.

According to Gurgen Sargsyan, within a year, an agreement will be signed with ADB under which Armenia will receive funding to implement the feasibility study.