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Armenia: Lifeline Roads Improvement Project

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  • Armenia: Lifeline Roads Improvement Project

    ENP Newswire
    August 28, 2009 Friday

    Armenia: Lifeline Roads Improvement Project



    WASHINGTON -The World Bank's Board of Executive Directors today
    approved the following project:

    Armenia: Lifeline Roads Improvement Project

    IBRD Loan: US$ 36.6 million

    Terms: Maturity = 25 years; Grace Period = 10 years

    Project ID: P116760

    Project Description: This loan to the Republic of Armenia for the
    Lifeline Roads Improvement Project (LRIP) will finance the scaling up
    of the project's activities through rehabilitating an additional 140
    kilometers of the lifeline road network and connect rural communities
    to main roads and highways. This additional loan will also help
    mitigate the impact of the financial crisis by creating temporary jobs
    in road construction, such as the design of project roads, supervision
    of works, capacity development in pavement design and road safety.

    Media Contact

    Michael Jones

    (202) 473-2588

    [email protected]

    For more project information, please visit:

    http://web.worldbank.org/external/projects /main?pagePK=64283627&piPK=73230&theSitePK =40941&menuPK=228424&Projectid=P11676

    [Ed itorial queries for this story should be sent to
    [email protected] ]
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