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Prime Minister Of Armenia: We Hope Asian Development Bank Will Appro

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  • Prime Minister Of Armenia: We Hope Asian Development Bank Will Appro

    PRIME MINISTER OF ARMENIA: WE HOPE ASIAN DEVELOPMENT BANK WILL APPROVE YEREVAN-BATUMI HIGHWAY PROJECT IN EARLY 2009

    ArmInfo
    2008-12-10 13:29:00

    ArmInfo. 'We hope Asian Development Bank (ADB) will approve Yerevan-
    Batumi highway project in early 2009>, Prime Minister of Armenia
    Tigran Sargsyan said in response to ArmInfo question in Tbilisi
    Tuesday after the 7th meeting of Armenian-Georgian Intergovernmental
    Commission for Economic Cooperation.

    It is of extreme importance that the two governments have positively
    evaluated the idea, which will become a basis for development of ADB
    project, the premier said. At the same time Tigran Sargsyan said the
    construction of the highway will become the first large-scale project
    of Armenia and Georgia. 'Armenia welcomes any idea of integration
    with Georgia.

    I told my Georgian counterpart that it is necessary to implement big
    joint projects, which we, unfortunately, lack at present', Tigran
    Sargsyan said.

    Asian Development Bank is expected to approve a total of US$140
    million credits to Armenia for 2009-2010.
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