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ABOUT 60 % OF THE WORK FOR CONSTRUCTION OF NORTH-SOUTH TRANSPORT CORRIDOR WILL BE COMPLETED BEFORE THE END OF THIS YEAR
YEREVAN, September 13. /ARKA/. Some 60 % of the work for the
construction of North-South transport corridor across Armenia will be
completed before the end of this year, transport and communications
minister Gagik Beglaryan said at a government session today. According
to him, about 500 meters of road is being concreted a day in both
directions.
"Currently, the work is underway on Yerevan- Ararat and
Yerevan-Ashtarak sections. The project is being implemented by Spanish
Corsan Corvian Construccion.
The Armenian government approved this program as well as a $500-million
financial agreement with Asian Development Bank on January 14,
2010. The goal of the project is to upgrade Armenia's main corridor
road as part of a broader thrust to improve connectivity, and boost
trade, growth and livelihood opportunities in the Caucasus and Central
Asia sub-regions. Funds are being released by the Asian Development
Bank periodically through a multitranche financing facility. The
transport corridor will stretch from the southern Armenian town of
Meghri, on the border with Iran, to Bavra in the north on the border
with Georgia. The North-South transport corridor will enable Armenia to
mitigate the effects of the blockade imposed by Azerbaijan and Turkey.
The North -South transport corridor project was initiated
by Russia and Iran. Armenia and Iran have also agreed at
the highest level to consider the possibility of laying a
railway link between the two countries that will become
part of the transport corridor. -0- - See more at:
http://arka.am/en/news/politics/about_60_of_the_work_for_construction_of_north_sou th_transport_corridor_will_be_completed_before_the/#sthash.fikpQ0Xu.dpuf
YEREVAN, September 13. /ARKA/. Some 60 % of the work for the
construction of North-South transport corridor across Armenia will be
completed before the end of this year, transport and communications
minister Gagik Beglaryan said at a government session today. According
to him, about 500 meters of road is being concreted a day in both
directions.
"Currently, the work is underway on Yerevan- Ararat and
Yerevan-Ashtarak sections. The project is being implemented by Spanish
Corsan Corvian Construccion.
The Armenian government approved this program as well as a $500-million
financial agreement with Asian Development Bank on January 14,
2010. The goal of the project is to upgrade Armenia's main corridor
road as part of a broader thrust to improve connectivity, and boost
trade, growth and livelihood opportunities in the Caucasus and Central
Asia sub-regions. Funds are being released by the Asian Development
Bank periodically through a multitranche financing facility. The
transport corridor will stretch from the southern Armenian town of
Meghri, on the border with Iran, to Bavra in the north on the border
with Georgia. The North-South transport corridor will enable Armenia to
mitigate the effects of the blockade imposed by Azerbaijan and Turkey.
The North -South transport corridor project was initiated
by Russia and Iran. Armenia and Iran have also agreed at
the highest level to consider the possibility of laying a
railway link between the two countries that will become
part of the transport corridor. -0- - See more at:
http://arka.am/en/news/politics/about_60_of_the_work_for_construction_of_north_sou th_transport_corridor_will_be_completed_before_the/#sthash.fikpQ0Xu.dpuf