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Prime Minister Of Armenia: Asian Development Bank Approves Programme

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  • Prime Minister Of Armenia: Asian Development Bank Approves Programme

    PRIME MINISTER OF ARMENIA: ASIAN DEVELOPMENT BANK APPROVES PROGRAMMES ON IMPLEMENTATION OF THE PROJECT OF CONSTRUCTION OF YEREVAN-BATUMI MOTORWAY

    ArmInfo
    2009-07-15 14:15:00

    ArmInfo. Asian Development Bank (ADB) has approved all the programmes
    concerning implementation of the project of construction of Yerevan-
    Batumi motorway, Prime Minister of Armenia Tigran Sarkisyan said in
    Yerevan today responding to ArmInfo's question.

    According to him, during the recent visit to Armenia, President
    of Georgia Mikheil Saakashvili assured of the interest of official
    Tbilisi in implementation of this project. Moreover, the Georgian
    party also reached a consensus with ADB. The delegation of the Armenian
    specialists will leave for Georgia during the next 10 days to discuss
    the technical details.

    Negotiations will be held in the Economy and Transport Ministries. 'We
    have a political consensus with both the Georgian partners and
    ADB. There are also financial sources for the project implementation',
    T. Sarksiyan said.

    It is envisaged that this motor way will allow to reduce the
    distance from Yerevan to Batumi by 4-5 hours. To note, ADB is ready
    to provide Armenia with credit to the total sum of about $140 million
    in 2009-2010.
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