Iran-Armenia railway construction to be carried out after creation of necessary cargo base

Iran-Armenia railway construction to be carried out after creation of necessary cargo base :The idea of the Iran-Armenia railway construction will be put into reality after the necessary cargo base is created, Artak Davtyan, an MP from the Republican Party of Armenia, told journalists on Tuesday.

«The cargo base issue should be solved first and then it will become possible to think over other matters,» he said. «Iran has huge energy resources, and if they are in demand, the railroad will be demanded as well.»

Davtyan said the railway should be used mainly for in-transit freights from Iran to other countries.

The Armenian government upheld the 300-kilometer railway construction project on August 7, 2014.

The construction is estimated to cost $3.5 billion. The project implies construction of 64 bridges of total extent of 19.4 kilometers, 60 tunnels (102.3 kilometers) and 27 stations as part of the infrastructure.

The construction is expected to be completed in 2022. Annual freight traffic will be 25 million tons.

The project of the railroad has been developed by China’s CCCC International, and Chinese banks have expressed willingness to finance 60% of the project.

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