Armenian Minister of Transport and Communication Gourgen Sarkisyan met with the Iranian ambassador to Yerevan and stated that a trilateral meeting among Iran, Armenia and Russia will be held late January in Yerevan to discuss the construction of Iran-Armenia railway.
IRNA news agency quoted Armenian prime minister's office as reporting Saturday that in the meeting between Sarkisyan and Ali Saqaian the Armenian official pointed out that last April an MOU was signed between the two countries to build a railway.
He added that the cost of the railway was estimated to be $1.4 billion of which Iran said it would pay $400 million.
Armenian prime minister's office reported that the Iranian ambassador expressed Iran firms' willingness to construct highways in Armenia, adding that Iranian banks are keen to finance transportation projects in that country.