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 | U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Moscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said. Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |