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 | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |