Transport & Communication

ADB to announce tender in April to choose company to develop feasibility project for armenia-iran railway

YEREVAN, January 28, /ARKA/. A deputy Armenian transport and communications minister said Wednesday the Asian Development Bank (ADB) will announce an international tender in April to choose a company to develop a feasibility project for construction of Armenia-Iran railway. He was speaking at a second meeting of a trilateral force task, including Armenian, Iranian and Russian experts, who met in Yerevan, to discuss the ambitious project.

Last year the ADB released a $1 million grant to Armenia for conduction of a preliminary feasibility study of the project, which was assigned to an Austrian company. The deputy minister said talks were underway with ADB and World Bank.

Iranian deputy road and transport minister Madjid Asadi said the Iranian side has accomplished a preliminary study of the Iranian 60-km section of the proposed road.

According to some estimates, construction of the 470-kilometer rail link, the bulk of it passing through Armenian territory, will take at least three years and cost up to $2 billion. Armenia and Iran hope to attract much of the required funding from the World Bank and the Asian Development Bank (ADB).  -0-

 

28/01/2010 18:36



Market USD exchange rates
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Market exchange rates 12/03/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 392.62 1.21
Euro EUR 1 540.01 5.34
Russian Rоublе RUR 1 13.40 0.11

Favorable еxchange rates of banks 15/03/2010
Currency Buy Sell
USD 394
ArmBusinessBank
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Ameriabank
Ardshininvestbank
Areximbank-Gazprombank Group
“ArmSwissBank”
Euro 540
“ArmSwissBank”
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Ameriabank
RUR 13.35
BTA Bank
13.5
ACBA-CREDIT AGRICOLE BANK
Ameriabank

Macroeconomics
Indicator Term Figures
economic growth,% 2009-12 85.6
GBP, billion AMD 2009-12 3165.5
inflation, % 2010-01 101.7
Budget deficit (proficit), bln AMD 2009-12 148.3
trade deficit, mln USD 2009-12 -2606.4
foreign trade turnover, mln USD 2009-12 4001.9
foreign trade turnover, % 2009-12 73
Gross External Reserves, mln. USD 2009-12 2003.41
Monetary base, billion AMD 2009-12 511.7
Money supply, billion AMD 2009-12 815

Financial market
Indicator Term Figures
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Legal entities in USD 2010-01 13.5
Individuals in AMD 2010-01 22
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Anual interests on deposits
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Legal entities in USD 2010-01 5.4
Individuals in AMD 2010-01 9.1
Individuals in USD 2010-01 5.3
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fiscal stock of Armenia, % 2010-01 8.8

The percents of the CBA
Indicator Term Figures
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Repo 2010-03 6.5
Credit 2010-03 9.5
Depo 2010-03 3.5



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