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Post: Overchuk talked about the prospects for opening the roads between Yerevan and Baku

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Deputy Prime Minister Alexei Overchuk. Archive photo

Overchuk: Opening roads between Yerevan and Baku will help flow of funds from Russia to Armenia

YEREVAN, 19 September – RIA Novosti. The opening of transport communication between Armenia and Azerbaijan will create preconditions for an investment flow of up to 5 billion dollars from Russia to Armenia. declaration Deputy Prime Minister of the Russian Federation Alexei Overchuk speaks at the IX Russian-Armenian Interregional Forum in Yerevan.

“We believe that the removal of transport links in the region, provided by the tripartite agreements of our leaders, will create new opportunities for the economic development of Armenia and for new investments to come here. According to our estimates, the opening will be the expansion of railways and highways between Armenia and Azerbaijan, the inflow of Russian investment of approximately 4.5-5 billion dollars. It will be a prerequisite.”

According to him, the Russian side has an understanding of what these projects could be. “We’ve been discussing these with our business for a long time,” said the Deputy Prime Minister.

In January 2021, after the negotiations between the leaders of Azerbaijan, Armenia and Russia, Ilham Aliyev, Nikol Pashinyan and Vladimir Putin, the Russian president announced the establishment of a working group chaired by the deputy prime ministers of the three countries. Alexei Overchuk from the Russian Federation. The working group is responsible for the restoration and construction of new transport infrastructure facilities necessary for the organization of international transport between Armenia and Azerbaijan and through the two countries.

Source: Ria

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