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YEREVAN, OCTOBER 26, ARMENPRESS:A number of countries – Russia, China and Kazakhstan – greeted the project of construction of Iran-Armenia railway. Iranian ambassador to Armenia Seyed Ali Saghayan told Armenpress that a group of experts from Iran arrived in Armenia for making initial studies and presented the report to the Armenian authorities. “Taking into consideration that from the financial point of view it is a big project currently we are waiting for a response to pass to practical steps,” the ambassador said. According to the arrangement, the Asian Development Bank has expressed readiness to provide sum, the World Bank also expressed interest toward the project. Ali Saghayan said for the construction of the railway according to initial calculations 2-2,5 billion USD will be needed. For continuing the discussions over the implementation of the project Armenian Transport and Communication Minister will in near future will visit Iran. The ambassador also said that by the end of the year regular session of the Iran-Armenia inter-governmental commission will be conducted in Yerevan. The implementation of the project will last for about 5 years. According to initial calculations, the railway will be 470 km-long, 60 km will pass through the Iranian territory.