Start of Construction
Planned Completion Date
In 2009, Armenia and Iran signed an agreement to construct a railway that would connect Yerevan and Tabriz via Syunik. The total railway line has a length of 470 kilometers and its construction will have an estimated total cost of USD 3.5 billion.
In 2016, a Memorandum of Understanding was signed between the Ministry of Transport and Communication of the Republic of Armenia and the Ministry of Transportation and Urban Development of the Islamic Republic of Iran. According to this agreement, Iran will construct the railway in its territory after Armenia finishes 30% of the railway construction in its own territory.
The railway is planned to provide the shortest transportation route from the ports of the Black Sea to the ports of the Persian Gulf and establish a major commodities transit corridor between Europe and the Persian Gulf region. It is expected to transport up to 25 million tons of cargo per year.
Project data for this page was provided by Fitch Solutions, a Fitch Group company that focuses on country risk and industry research and analysis.