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European Investment Bank Interested In North South Highway Construct

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  • European Investment Bank Interested In North South Highway Construct

    EUROPEAN INVESTMENT BANK INTERESTED IN NORTH SOUTH HIGHWAY CONSTRUCTION PROJECT

    PanARMENIAN.Net
    May 14, 2010 - 20:14 AMT 15:14 GMT

    On May 11-13, Tbilisi hosted conference entitled Transportation
    Perspectives in South Caucasus.

    Conference participant, Armenian Minister of Transport and
    Communication Manuk Vardanyan met with representatives of European
    Investment Bank (EIB), who displayed interest in North South highway
    construction project.

    EIB expressed readiness to discuss co-financing construction of
    Ashtarak-Guymri highway section trough contributing USD 120 million
    to the project.

    In conclusion, Armenian Minister of Transport and Communication offered
    to consider possible cooperation in railway construction sphere.
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