According to the report of Press TV, Iran's transportation Minister Hamid Behbahani said that the railway will be 470 kilometers long. The railway which will pass over Armenia will be finished within 5 years and will cost about $1,2 billion.
Armenian Transportation Minister Gurgen Sargisyan and Behbahani said that they hope to provide credit from The World Bank and Asian Development Bank.
Iranian Minister Sargisyan said that the project will increase volume of trade between Iran and Armenia. Volume of trade between Iran and Armenia increased to $226.6 millions last year.
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