A. Nranyan: EEU can become important transport hub upon Armenia's accession

ASTANA. KAZINFORM - In Moscow, at the International Economic Forum, member of the Board of the Eurasian Economic Commission Ara Nranyan told about the prospects of the transport route "North-South" in the context of Armenia's accession to the EEU.

Representatives of the CIS Economic Council, Executive Committee of the CIS, state bodies of the CIS member states and Eurasian Economic Union, International Association for Civil Procedure, sectoral associations, expert and business communities took part in the work of the forum.

In his report, Ara Nranyan noted that Armenia's accession created new opportunities allowing to implement mutually beneficial schemes of development of international economic relations.

"Upon joining of Armenia, the EEU completes a serious breakthrough in the south direction having legit aspirations to become the most important transport hub connecting the European Union and the countries of the Persian Gulf, South-East Asia and India. It is enough to just have a glance at the map to see the opportunities available for the EEU upon implementation of the transport project connecting Russia, Georgia, Armenia and Iran," he said.

According to him, Armenia is already implementing a project on construction of the road connecting the Armenian-Iranian border with the Armenian-Georgian border. The cost of the project is more than a billion US dollars and it is financed by the Government of the country and the Asian Development Bank.

The project is expected to be completed by 2019.

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