Iran allocates $60mln for Iran-Armenia highway constructionMarch 9, 2011 - 19:33 AMT PanARMENIAN.Net - Iran has allocated $60mln for Iran-Armenia highway construction. IRNA news agency quoted member of the Iranian parliament Ali Reza Manadi as saying that the road will become a bridge connecting Iran with Armenia, as a result of which the settlements located along it will start developing due to active contacts. In September 2009, the Armenian government and Asian bank signed an agreement on allocation of $500mln for the construction of 550km-long Iran-Armenia highway. According to the Asian Bank, the estimated cost of the project makes $1.5bln. However, only $300,000 have been allocated for the first stage of it. As part of the program, Armenia’s existing roads from the border with Iran up to the border with Georgia will be rehabilitated and expanded. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |