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WILL THE RAILWAY BE RE-EXPLOITED?

Economy

On September 21-22 the Armenian delegation with Gagik Minasyan at the head participated in the Black Sea Economic Cooperation Parliamentary Assembly in the Moldavian capital Kishinev.

In the 25th session of social, economic, technological and ecological issues where the report about the development of regional sub-structures has been discussed, the Armenian side has adopted 4 offers.

The Armenian managed to convince the participants of the BSEC Parliamentary Assembly that the construction of the railway which goes round Armenia is much more expensive that the re-exploiting of the existing railway Kars-Gyumri-Tbilisi-Baku. “Thus all the 4 countries of the region will solve the problem of economic integration providing economic stability”, the Armenian delegates said.

Let us remind you that the offered project costs $400 million. With the re-exploiting of the railway the volume of freight transportation will increase considerably.

All the 8 members of BSEC were for the re-exploitation of the existing railway, including Turkey. According to Gagik Minasyan, in the convention which was adopted in Kishinev the offer of the Armenian side has been included, and the issue of adoption of the convention will be discuss in the BSEC plenary session in Tirana on November 22 where Armenia will preside over the session.