22/05/2010 14:35
Armenia applies to EEC for $1 billion loan
The Eurasian Economic Community (EEC) is considering Armenia’s application for a loan to build a railway connecting Armenia and Iran, Russian Prime Minister Vladimir Putin said.
“From the economical point of view this is not a simple project. However, Armenia has applied for more than a billion dollar loan to be provided by the EEC. The application is being considered,” Vladimir Putin told the MIR Broadcasting Company.
Interfax said that the project’s goal is “to give Armenia a way to the Iranian border by rail, not for connecting Iran and Russia.”