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WB To Fund Road Construction In Armenia

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  • WB To Fund Road Construction In Armenia

    WB TO FUND ROAD CONSTRUCTION IN ARMENIA

    PanARMENIAN.Net
    08.05.2009 12:59 GMT+04:00

    /PanARMENIAN.Net/ .World Fund intends to provide USD 36 million credit
    to RA Government for road construction on the territory of Armenia,
    RA Transportation Minister Guren Sargsyan said on Thursday.

    Future funding will depend on the success of Rural Roads Construction
    Project 2009, USD 25 million funding recipient.

    International Development Association credits are provided for 20
    years, with 0,75% interest rate to be paid within the first 10 years.

    From: Emil Lazarian | Ararat NewsPress
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