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Construction Works At Yerevan-Ashtarak Section Of Iran-Armenia Trans

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  • Construction Works At Yerevan-Ashtarak Section Of Iran-Armenia Trans

    CONSTRUCTION WORKS AT YEREVAN-ASHTARAK SECTION OF IRAN-ARMENIA TRANSPORT CORRIDOR TO BE COMPLETED BY OCTOBER 2012

    PanARMENIAN.Net
    November 1, 2010 - 14:01 AMT 10:01 GMT

    On November 1, the RA Ministry of Transport and Communication hosted
    unsealing of competition packages for bids on rehabilitation of
    11.71km-long Yerevan-Ashtarak section of Iran-Armenia transport
    corridor.

    13 construction companies expressed willingness to participate in
    the competition. However, only three companies submitted relevant
    documents: Austrian STRABAG International, American Feletechnologies
    and Spanish MJGRUAS, which offered USD 51.141mln, 18.944mln and
    22.618mln respectively, the Ministry's press service reported.

    The tender committee will study and estimate the competition packages
    to present them to the Asian Development Bank, after which they will
    be submitted for the Governing Council's approval. As the project
    cost exceeds USD 1bln, a governmental decision will be adopted,
    after which an agreement will be signed with a contractor.

    The construction works are planned to be launched in spring 2011 and
    completed on October 1, 2012, with the Asian Development Bank and RA
    government to finance the works.




    From: A. Papazian
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