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ARMENIA STARTS NORTH-SOUTH HIGHWAY CONSTRUCTION
Vestnik Kavkaza
Sept 13 2012
Russia
Armenia is starting the construction of the North-South Highway
financed by the Asian Development Bank (ADB) today, News Georgia
reports.
Armenian Minister for Transportation and Communication Gagik Beglaryan
met Ramon Aige of the Corsan Corvian Construccion (Spain), representing
the contractor of construction, on Tuesday.
The highway will be 556 km long giving access
to the Black Sea and European states using the
Megri-Kapan-Goris-Yerevan-Ashtarak-Gyumri-Bavra route and Georgia.
Armenia approved the tender for construction on April 26, RIA Novosti
reports.
The investment program worth $500 million was approved by the Armenian
government on January 14, 2010. The North-South Corridor program
is worth $1 billion. The Japanese International Cooperation Agency
(JICA) wants to pay $50-70 million for its realization while Armenia
will co-finance $462 million.
The Europe-Caucasus-Asia connection on the crossing of Eastern Europe
and Western Asia will be completed in 2017.
Realization of the program will save $2.5 per hour for each passenger
and $1 per hour for a ton of cargo.
The North-South Corridor was initiated by Russia and Iran. The
Russia-Iran-India route will be improved.
From: A. Papazian
Vestnik Kavkaza
Sept 13 2012
Russia
Armenia is starting the construction of the North-South Highway
financed by the Asian Development Bank (ADB) today, News Georgia
reports.
Armenian Minister for Transportation and Communication Gagik Beglaryan
met Ramon Aige of the Corsan Corvian Construccion (Spain), representing
the contractor of construction, on Tuesday.
The highway will be 556 km long giving access
to the Black Sea and European states using the
Megri-Kapan-Goris-Yerevan-Ashtarak-Gyumri-Bavra route and Georgia.
Armenia approved the tender for construction on April 26, RIA Novosti
reports.
The investment program worth $500 million was approved by the Armenian
government on January 14, 2010. The North-South Corridor program
is worth $1 billion. The Japanese International Cooperation Agency
(JICA) wants to pay $50-70 million for its realization while Armenia
will co-finance $462 million.
The Europe-Caucasus-Asia connection on the crossing of Eastern Europe
and Western Asia will be completed in 2017.
Realization of the program will save $2.5 per hour for each passenger
and $1 per hour for a ton of cargo.
The North-South Corridor was initiated by Russia and Iran. The
Russia-Iran-India route will be improved.
From: A. Papazian