16:05, 18 January, 2013
YEREVAN, JANUARY 18, ARMENPRESS. “Rasia FZE” company registered in the United Arab Emirates will finance the projection, construction, and implementation of the 
Armenian South Railway and Armenian South Swift Road. As reports “Armenpress”, on January 18, 2013 “Armenian South Railway” and “Armenian South Swift Road” programs launched in the Ministry of Transport and Communication of the Republic of Armenia by signing memoranda on trilateral understanding within the framework of the regional cooperation programs between the Ministry of Transport and Communication of the Republic of Armenia, “Rasia FZE” company and “South Caucasian Railway” CJSC. The programs cost USD 3 billion.
The Minister of Transport and Communication of the Republic of Armenia Gagik Beglaryan noted that the construction of these roads was included in the election pledges of the President of the Republic of Armenia Serzh Sargsyan. Among other things Minister of Transport and Communication of the Republic of Armenia Gagik Beglaryan stated: “As a result of the program the shortest railway connecting the Persian Gulf to the Black Sea will be constructed due to the strategic position of Armenia.”