Forecast: Commissioning of the Yeraskh-Julfa-Ordubad-Meghri-Horadiz  railway section will increase the investment attractiveness of  Armenia

ArmInfo. The commissioning of the Yeraskh-Julfa-Ordubad-Meghri-Horadiz railway section will significantly increase the investment attractiveness of Armenia.   Chairman of the "Republic" party, former Prime Minister of Armenia  Aram Sargsyan expressed a similar opinion to ArmInfo.

On December 16, Armenian Prime Minister Nikol Pashinyan confirmed the  agreement reached at the meetings with the President of Azerbaijan in  Sochi and Brussels on the construction of the  Yeraskh-Julfa-Ordubad-Meghri-Horadiz railway section. In this regard,  he instructed to begin preparations for construction on its Armenian  section. According to him, Armenia and Azerbaijan plan to complete  the construction within 2-3 years.

"It is clear that this section on the territory of Armenia needs to  be restored from scratch, since the rails and sleepers were  dismantled in the 2000s and sold to Iran. In a short period of my  premiership, I opposed such a "business", banning the sale, after  which I faced serious discontent with then President Robert  Kocharian, "he said.

In any case, according to Sargsyan, the project is quite interesting  not only for the direct participants, but also for potential  investors, which, in his opinion, is a guarantee of significant  investments in the Armenian economy in the future. According to  Sargsyan's estimates, as a rule, any territory on which railways  operate always arouses the interest of investors. And foreign  investors will invest in Armenia if only because this infrastructure  will connect the 80 million markets of Turkey and Iran.

According to preliminary calculations of the RA Ministry of  Territorial Administration and Infrastructures, the restoration of  the Yeraskh-Julfa-Ordubad-Meghri-Horadiz railway in Armenia will cost  more than $ 226 million. $ 221 million is needed to restore the  45-kilometer section in Meghri, another $ 5 million for restoration  kilometer section in Yeraskh.