Russia not decided on funding of Armenian railroad section – South Caucasus Railway
Thursday, January 9The Russian railways have not yet decided on the funding of the construction of the Vanadzor-Fioletovo railroad section in Armenia.
“South Caucasus Railway” Closed Joint-Stock Company General Director Victor Rebets told the aforesaid to Armenian News-NEWS.am.
In Rebets’s words, although the technical and economic bases for the project are ready, no decision was made along the lines of Russian President Vladimir Putin’s recent visit to Armenia.
According to the latest estimates, the construction of this railway section may cost $200-250 million. The amount of funding will depend on the construction of tunnels and the options for the route, since it will pass through mountainous terrain.
The 37.8-kilometer-long Vanadzor-Fioletovo railroad section will close Armenia’s northern railway link and reduce, by 70-100 kilometers, the freight route between capital city Yerevan and the Georgian border. (News.Az)