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Armenian Transport Minister: North-South Transport Corridor Construc

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  • Armenian Transport Minister: North-South Transport Corridor Construc

    ARMENIAN TRANSPORT MINISTER: NORTH-SOUTH TRANSPORT CORRIDOR CONSTRUCTION PLANNED TO BE COMPLETED IN 2017

    /ARKA/
    August 11, 2011
    YEREVAN

    Investment program on construction of North-South transport corridor
    is planned to be completed in 2017, Armenian Transport Minister Manuk
    Vardanyan said Wednesday at this investment program presentation
    aimed at attracting contractors.

    The Armenian government approved this program as well as a $500-million
    financial agreement with Asian Development Bank on January 14, 2010.

    "As a result, Europe-Caucasus-Asia transport communication will be
    improved," Vardanyan said.

    On August 2, Armenian transport ministry announced an open tender
    for selecting contractor for reconstruction of 11.7 kilometers of
    Yerevan-Ashtarak road, 38 kilometers of Yerevan-Ararat road and 42
    kilometers of Ashtarak-Talin road.

    The minister said that after the launch of this investment program
    two other roads - Sevan-Dilijan-Noyemberyan-Bagratashen and
    Yerevan-Aparan-Vanadzor-Bagratashen - will be reconstructed and a
    road will be constructed near Yerevan's Zvartnots Airport.

    He said that that the 556-kilometer North-South corridor will create
    a gateway to the Black Sea and European countries through Georgia's
    territory. He said this corridor would solve also freight problems.

    "Taking into account the average speed of 100-120 km/hour, it can
    be said that the way from Yerevan to the Black sea will be passed in
    4.5 or 5 hours," he said.

    Vardanyan said that the next tranche, which is under discussion now,
    will be targeted for reconstruction of sections of the road to Gyumri
    and for rehabilitation of road sections in Armenia's southern areas.

    "Results of the tender will be released in late September, their
    estimation together with the Asian Development Bank and approval
    by the Armenian government will take one month, and recruitment of
    builders will start in October," he said answering the question ARKA
    News Agency put up to him.

    The first tranche of Asian Development Bank - $70 million, an
    agreement on which was signed on October 12, 2009, was intended for
    reconstruction of Yerevan-Ararat and Yerevan-Ashtarak road's sections.

    The second tranche of $210 million agreed on May 30, 2011, were
    targeted for rehabilitation of a section of Ashtarak-Talin road.

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