DRAFT MEMORANDUM ON IRAN-ARMENIA RAILWAY CONSTRUCTION WAS SIGNED IN YEREVAN
On March 3 in Yerevan a Draft Memorandum of Understanding on Iran-Armenia railway construction was signed by RA Transportation Communication Minister Gurgen Sarkissyan and Iran Road Transportation Minister Hamid Bihbahani, PanArmenian.net reports.
"RA President Serzh Sargsian will sign the Memorandum during his visit in Iran this month," RA Transportation Minister said at the signing ceremony.
According to Suren Sarkissian, the project is of significant regional importance. "To all probability, the mainline through Armenian territory will extend from city of Jermuk in the direction of Lake Sevan," he said.
Upon signing the memorandum, the Iranian Minister noted that the railway will be 470 km long, with 410 km of the main line passing through Armenia's territory. "The project actually repeats the route of the Silk Road, in its railway edition," he said.
Bihbahani explained that 3-phased construction works are planned, involving project feasibility studies ( up to 1,5 years) route determination , map drawing (up to 1,5 years) and, finally, the construction (3 to 4 years). Thus, Iran-Armenia railway construction is expected to be completed in 5 years.
According to him, budget expenditures will total around $1 billion. "Construction credits are being actively negotiated with WB and the Asian Bank," said Iranian Minister adding that Russia takes major interest in the project and will probably be ready to invest.
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- 1915 Death of Arshak Vramian, a representative of the Central Committee of the Armenian Revolutionary Federation Party.
- 1920 Genocide of the Armenians in Sooshee (Gharabagh).
- 1922 Death of Leopold Favri, benefactor and Swiss-Armenian armenologist. He supported orphanages in the Armenian provinces.
- 1945 Death of Vahan Tekeyan, writer, speaker, and public figure. He was born in 1878.
- 1957 Death of actor Ashot Shaghatoonee. He was born in 1882.
- 1995 Garegin I elected Catholicos of the Armenian Church. He became the 131st Spiritual Leader of Armenian Holy Apostolic Church.
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