ArmInfo.Armenian Prime Minister Nikol Pashinyan assures that the Crossroads of the Peace project is bolstered by economic calculations.
"There are such calculations, and we can provide them, these are calculations of an international organization. Secondly, the concept of the Crossroads of the Peace is not only an economic calculation, it is a much broader and more comprehensive project, it has not only economic significance, it has very great political, security and regional significance," Pashinyan said on December 6 in parliament during government hour, answering a relevant question from an opposition MP.
On October 26, speaking in the capital of Georgia, Prime Minister of Armenia Nikol Pashinyan said that the government of the republic has developed and presents the Crossroads of the Peace project as an important part of the peace agenda.
" The key essence of that project is the development of communications between Armenia, Turkey, Azerbaijan, and the Islamic Republic of Iran by means of renovating, building, and operating roads, railways, pipelines, cables, and electricity lines.
The railways passing through the south and north of Armenia have not been functioning regionally for thirty years, nor are many highways connecting the east and the west, while the reactivation of these roads would become a short and efficient route connecting the Caspian Sea to the Mediterranean, both by rail and road.
Along the same lines, these rail and automotive communications could become an efficient route linking the Gulf with the Georgian ports on the South-Eastern shores of the Black Sea. Such a project would bring enormous benefits to all countries of our region, and I wish to invite the attention of governments and private investors to this opportunity," the head of the Armenian government said.
Earlier in parliament, the head of the Ministry of Economy, Vahan Kerobyan, said that if the government's Crossroads of the Peace initiative is implemented, Armenia's GDP will grow by 30% in the shortest possible time.