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Armenia To Get $100M From Eurasian Development Bank For North-South

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  • Armenia To Get $100M From Eurasian Development Bank For North-South

    ARMENIA TO GET $100M FROM EURASIAN DEVELOPMENT BANK FOR NORTH-SOUTH HIGHWAY

    http://www.armradio.am/en/2013/09/04/armenia-to-get-100m-from-eurasian-development-bank-for-north-south-highway/
    16:55 04.09.2013

    Armenia will get $100 million from a Eurasian Economic Community
    anti-crisis fund, a Eurasian Development Bank official said Wednesday.

    The 556-km corridor, designed to improve transport links between
    Europe, the Caucasus and Asia, in particular between Eastern Europe
    and western Asia, is to be completed by 2017.

    In January 2010, the Armenian government approved an investment
    program for the North-South transport corridor, and a framework
    finance agreement between Armenia and the Asian Development Bank
    worth a total of $500 million.

    Wednesday's decision came after discussions between the Eurasian
    Development Bank's Deputy President Sergei Shatalov and Armenia's
    Transport and Communications Minister Gagik Beglaryan, the ministry's
    press service told RIA Novosti.

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