28 04 2009- Iranian investment in Armenia of .strategic importance.

official Tehran Times Economic Desk

MOSCOW . Iranian investment in Armenian projects is of strategic importance, the secretary of the National Security Council of Armenia stated at a press conference in Yerevan on Monday.


IRNA news agency quoted Arthur Baghdasaryan as saying that Iran.s share of investment in Armenian projects will reach $980 million.
The official pointed out the importance of the Iran-Armenia railway and said the project makes the connection of Armenia to other central Asian countries via Iran possible, adding, it would create great job opportunities.

The 470-kilometer long Iran-Armenia railway, connecting the border regions and creating the first rail link between the two countries, is expected to
boost trade relations.

G.C.