Tweet
ARMENIA TO LAUNCH NORTH-SOUTH CORRIDOR CONSTRUCTION BY YEAREND
PanARMENIAN.Net
June 24, 2011 - 17:19 AMT
PanARMENIAN.Net - RA Economy Minister Tigran Davtyan has said that
Armenia will launch the construction of North-South transport corridor
in yearend, with the second tranche of the project already ratified
by the parliament.
On June 23, Armenian parliament ratified a credit agreement between
Armenian government and Asian Development Bank, envisaging allocation
of the second tranche of USD 170 million for North-South corridor
construction. Total cost of the program is USD 500 million.
The Corridor will allow Armenia to become a transit state in regional
transportation industry, as well as join the Black Sea circular
highway.
PanARMENIAN.Net
June 24, 2011 - 17:19 AMT
PanARMENIAN.Net - RA Economy Minister Tigran Davtyan has said that
Armenia will launch the construction of North-South transport corridor
in yearend, with the second tranche of the project already ratified
by the parliament.
On June 23, Armenian parliament ratified a credit agreement between
Armenian government and Asian Development Bank, envisaging allocation
of the second tranche of USD 170 million for North-South corridor
construction. Total cost of the program is USD 500 million.
The Corridor will allow Armenia to become a transit state in regional
transportation industry, as well as join the Black Sea circular
highway.