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WB TO ALLOCATE $35-40M LOAN
news.am
March 24 2010
Armenia
March 23, RA Transport and Communications Minister Manuk Vardanyan
received WB Armenia Country Manager Aristomene Varoudakis and Olivier
Le Bert, Program Team Leader for the Transport sector in the South
Caucasus and other World Bank officials.
Varoudakis presented the progress of transportation programs
implemented by WB, Ministerial press service informed NEWS.am. The
official noted that Lifeline Roads Improvement Project (LRIP) will
launch this year. The initial financing made U.S. $25m, followed by
another $36.6m. Varoudakis informed that the project aims at upgrading
certain section of the roads of 240km.
The WB official also touched upon implementation of new road
construction programs in the near future. He stressed that WB intends
to allocate $35-40m loan till 2010 end intended for building and
maintenance of 171km highway suspended by Millennium Challenge
corporation.
From: Emil Lazarian | Ararat NewsPress
news.am
March 24 2010
Armenia
March 23, RA Transport and Communications Minister Manuk Vardanyan
received WB Armenia Country Manager Aristomene Varoudakis and Olivier
Le Bert, Program Team Leader for the Transport sector in the South
Caucasus and other World Bank officials.
Varoudakis presented the progress of transportation programs
implemented by WB, Ministerial press service informed NEWS.am. The
official noted that Lifeline Roads Improvement Project (LRIP) will
launch this year. The initial financing made U.S. $25m, followed by
another $36.6m. Varoudakis informed that the project aims at upgrading
certain section of the roads of 240km.
The WB official also touched upon implementation of new road
construction programs in the near future. He stressed that WB intends
to allocate $35-40m loan till 2010 end intended for building and
maintenance of 171km highway suspended by Millennium Challenge
corporation.
From: Emil Lazarian | Ararat NewsPress