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Iran to build a terminal on border with Armenia

IranMania News, Iran 
July 11 2005

Iran to build a terminal on border with Armenia  

Monday, July 11, 2005 - ?2005 IranMania.com 
 
LONDON,  July 11 (IranMania) - Azerbaijan State News Agency (Azar
Press) reported that Iran plans to build a terminal at its border
with Armenia It added that Tehran will transfer oil derivatives to
Yerevan adding the issue will be further explored at the Iran-Armenia
Economic Cooperation Commission in Tehran in September. 

Armenia views the terminal as important in boosting economic activity
in the 'Magri' region bordering Iran, the agency added. 

Iran and Armenia have signed a memorandum of understanding (MoU) to
bolster bilateral cooperation in the field of electricity. 

Under the MoU, Iran and Armenia reached consensus to implement the
third 400-kw two-circuit transmission line project, valued at 90
million dollars. 

The two countries are also slated to implement the second phase of
Iran-Armenia pipeline project, worth 130 million dollars and the
complementary project of the fifth unit of Hrazdan thermal power
plant. 

Under the framework of the agreement, Iranian companies of the Iran
Power Plant Projects Management Company (MAPNA) and Sanir are due to
add a new unit of gas power plant - capable to be transformed into
combined cycle - to Armenia. The project is worth 150 million
dollars. 

Based on the accord, the implementation of the said project should be
finalized in 2007. 

Armenian Minister of Transport and Communication Andranik Manukyan
called last week for taking advantage of special situation of the
Iranian southern port of Bandar Abbas, capital of Hormuzgan province,
and using it for transit of goods across the region. 

Manukyan made the remarks in Yerevan, Armenia, in a meeting with
visiting Governor General of the Iranian Hormuzgan province Ebrahim
Derazgisou who arrived in the Armenian capital on Monday heading a
trade delegation to discuss with Armenian officials ways to promote
Tehran-Yerevan cooperation. 

Derazgisou, for his part, welcomed the idea of promoting Armenia
relations with the Iranian southern province and expressed hope that
such relations would help promotion of ties between the two capitals.

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