The Iran side will provide the funds for building a high-voltage electricity line

The Iran side will provide the funds for building a high-voltage electricity line

The Armenia-Iran high-voltage electricity line will be ready to exploit in approximately two years. Prime Minister Hovik Abrahamyan at the beginning of the government session expressed conviction that this agreement with the neighbor so important in energy field will promote the goods turnover growth.

The executive informed that according to the financial agreement signed in Tehran 77 percent of the money, that is, 108 million euros, needed for the construction will provide the Export Development Bank of Iran, the rest contractor company.

The length of the line built in Armenia is approximately 279km. A working visit is intended for China to discuss the Iran-Armenia railway construction.

The Minister of Transport and Communications Gagik Beglaryan after the government session informed the journalists that they received offers from Chinese side.

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