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Armenian Government Signs Agreement With Asian Development Bank

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  • Armenian Government Signs Agreement With Asian Development Bank

    ARMENIAN GOVERNMENT SIGNS AGREEMENT WITH ASIAN DEVELOPMENT BANK

    RIA OREANDA
    Dec 26 2008
    Russia

    Yerevan. OREANDA-NEWS . On 26 December 2008 was announced, that the
    RA Minister of Economy Nerses Yeritsyan and RA Minister of Transport
    and Communication Gurgen Sargsyan n behalf of the Government of
    Armenia signed an agreement with Asian Development Bank on provision
    of technical assistance to the Government of Armenia in an amount
    not exceeding the equivalent of US USD 1,000,000 for preparing the
    North-South Road Corridors Development Program.

    The Technical Assistance of USD 1,000,000 will be provided by ADB on
    a grant basis by the Technical Assistance Special Fund. The Ministry
    of Transport and Communication is to serve as the Executing Agency
    for the Technical Assistance.

    The suggestion of Armenian side was also included in Technical
    Assistance program: such as take into the framework of ten-year action
    plan the possibility of railroad and high way construction in the
    Southern part of the North-South Road Corridors.
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