Armenian Ministry Of Transport And Communication And Adb Reached Nor

[Kajoyan Gevork]

ARMENIAN MINISTRY OF TRANSPORT AND COMMUNICATION AND ADB REACHED NORTH-SOUTH CO- FINDING AGREEMENT

ARMENPRESS
11 October, 2012
YEREVAN

YEREVAN, OCTOBER 11, ARMENPRESS: Gagik Beglaryan, Armenia's Minister
of Transport and Communication received Asian Development Bank
(ADB) and European Investment Bank (EIB) delegations. As Ministry
of Transport and Communication told Armenpress ADB ' s North-South
project Manager Arto Ahonen stated as result of discussions with EIB
the sides reached an agreement refer to the finding of third tranche
of the North-South road corridor with 50/50 ratio.

Minister Beglaryan welcomed the formation of joint works between
ADB and EIB. "We need that the cooperation between the banks and
Ministry keep escalating. This is our first financing within the frame
of North-South program and we wish it to be of continuing nature"
Minister underscored. Georgia Kutsiana, EIB project coordinator in
Armenia thanked for the inclusion of their bank in the third tranche
of the North-South Road Corridor. Gagik Beglaryan underscored the
Ministry is ready to support banks in the frame of these programs.