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USD120 Million To Be Directed To North-South Corridor Construction I

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  • USD120 Million To Be Directed To North-South Corridor Construction I

    USD120 MILLION TO BE DIRECTED TO NORTH-SOUTH CORRIDOR CONSTRUCTION IN 2010.

    PanARMENIAN.Net
    14.01.2010 17:23 GMT+04:00

    /PanARMENIAN.Net/ The Government of Armenia approved "Investment
    Program on North-South Road Corridor Construction" at the 14 January
    meeting .

    The total cost of the investment program, financed by Asian
    Development Bank, will reach USD 500 million and involves
    construction of Agarak-Kapan-Yerevan-Gyumri-Bavra highways and the
    road infrastructures. The construction of the corridor will improve
    the road link with Iran and Georgia, providing access to international
    destinations and markets.

    USD 120 million worth construction works are projected to implement
    in 2010. .
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