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Armenia Presents Technical Solutions On Construction Of North-South

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  • Armenia Presents Technical Solutions On Construction Of North-South

    ARMENIA PRESENTS TECHNICAL SOLUTIONS ON CONSTRUCTION OF NORTH-SOUTH TRANSPORT CORRIDOR TO INVESTORS

    ARKA
    Sep 5, 2011

    YEREVAN, September 5. /ARKA/. Armenian Transport Ministry has presented
    technical solutions on construction of the North-South transport
    corridor to investors, the ministry~Rs press office reported on Monday.

    In the past weekend, a conference focused on the construction was held
    in Armenia. The conference came ahead of the tender for construction
    of the first three sections of the transport corridor.

    Representatives of concerned companies visited the sections subject
    to reconstruction under this program.

    On January 14, 2010, the Armenian government approved the investment
    program on construction of the North-South transport corridor as well
    as $500-million loan agreement between Armenia and Asian Development
    Bank.

    The first tranche, $70 million, is planned to be spent for
    reconstruction of Yerevan-Ararat and Yerevan Ashtarak sections.

    The second, $210-million tranche, will be targeted for rehabilitation
    of Ashtarak-Talin section.

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