The main factor for viability of Armenia’s Southern Railway (Iran – Armenia) should be the transit of Iranian oil to Europe

This is stated in the conclusion of the Armenian Finance Ministry to the concept of the railway.
As noted in the design estimate documentation of the railway, 80% of its traffic from the south to the north will make 30% of the transit of Iranian oil to Europe. However, a preliminary agreement on supplies with Iran has not yet been achieved.
The construction of the railway will take six years with a maintenance of 50 years. The works are expected to start in the first quarter of 2015 and will amount to about USD 3.5 billion.
The Armenian part of the Iran-Armenia railway will be 316-kilometer long

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