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Armenian Premier: Armenian Government To Support Project On Construc

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  • Armenian Premier: Armenian Government To Support Project On Construc

    ARMENIAN PREMIER: ARMENIAN GOVERNMENT TO SUPPORT PROJECT ON CONSTRUCTION OF YEREVAN-BATUMI HIGHWAY

    ArmInfo
    2008-12-09 16:40:00

    ArmInfo. The Armenian government will support the construction of
    Yerevan- Akhalkalaki-Batumi highway, Armenian Prime Minister Tigran
    Sargsyan said in Tbilisi, Tuesday, upon completion of the 7th sitting
    of the Georgian-Armenian intergovernmental commission for economic
    cooperation.

    As ArmInfo special correspondent reported, Tigran Sargsyan stressed the
    issue of financing this project is currently being discussed with the
    Asian Development Bank (ADB) which is interested in implementation of
    infrastructure projects in Armenia, including the one on construction
    of the given highway. He also added that in general, ADB is interested
    in implementation of regional projects.

    Sargsyan expressed confidence that the project on construction of
    Yerevan-Akhalkalaki-Batumi highway will be put across.

    To recall, Armenian and Georgian presidents initiated launching of
    this project during Armenian President Serzh Sargsyan's recent visit
    to Tbilisi.

    The highway will make it possible to reduce the traveling time from
    Yerevan to Batumi by 4-5 hours. To note, ADB is ready to provide
    Armenia with loans worth a total of $140 mln in 2009-2010.
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