Promise and Reality – in 2008 Sargsyan Promised a New Nuclear Power Plant, Iran-Armenia Railroad, and All-Armenian Bank

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In 2008 Serzh Sargsyan addressed to the People of Armenia and the National Assembly (http://www.president.am/events/statements/arm/?year=2008&pn=1&id=21).

“I want to sound this again: the time has come in Armenia for great and daring national projects, the time for super projects, so to speak. This kind of projects not only serves strategic tasks but also has a vast effect on the economy and society. They create thousand of new jobs, for their implementation different enterprises are being set up, new markets and entire areas open up for them, and in addition they become a stimulus for the development of sciences. The Iran-Armenia pipeline is the best proof of this notion and today the boldest goals in our country can become a reality due to persistency, confidence in our abilities, and work.

Today I will not speak about our general economic policy or our approaches. I will single out only three initiatives, three projects which in the coming years will be in the center of our attention and our work.

And so, I want all those who have business interests in Armenia, all foreign and Armenian businessmen who have present and future projects, our citizens and our compatriots all over the world, to be informed that

a) in the coming months Armenia will commence the construction of a new nuclear power plant,

b) in the coming year the construction of the Iran-Armenia railroad will be launched,

c) in the coming months the All-Armenian Bank and Investment Fund will be established which will be financing large-scale projects.”