Tweet
ARMENIA TO BUILD ROAD WITH LOAN FROM ASIAN DEVELOPMENT BANK
CISTran Finance
June 12 2014
June 12, 2014 5:30 AM
By Lisa Barron
Armenia's National Assembly ratified an agreement on Tuesday with the
Asian Development Bank (ADB) for a $100 million dollar loan agreement.
The loan will be used to finance the construction of the Talin-Lanjik
road, including consulting, pre-construction work and a feasibility
study of a 304 kilometer road section from Artashat to Kajaran,
Arka reports.
The Talin-Lanjik road will be part of the North-South transport
corridor project.
Artur Arakelyna, the deputy minister of transport and communications,
said that the government would announce a tender to choose a company
to construct the road following the ratification of the agreement.
The road is set to span 18.7 kilometers and will take two years to
build. Its endpoints will be in the Armenian town of Meghri in the
south and Bavra in the North, according to Arka.
Armenia's main corridor road will be upgraded through the project,
which will boost trade and growth in the Caucasus and Central Asia
sub-regions through improved connectivity. Additionally, with the new
route, Armenia will be able to mitigate an Azerbaijani and Turkish
blockade.
http://cistranfinance.com/news/armenia-to-build-road-with-loan-from-asian-development-bank/3432/
From: A. Papazian
CISTran Finance
June 12 2014
June 12, 2014 5:30 AM
By Lisa Barron
Armenia's National Assembly ratified an agreement on Tuesday with the
Asian Development Bank (ADB) for a $100 million dollar loan agreement.
The loan will be used to finance the construction of the Talin-Lanjik
road, including consulting, pre-construction work and a feasibility
study of a 304 kilometer road section from Artashat to Kajaran,
Arka reports.
The Talin-Lanjik road will be part of the North-South transport
corridor project.
Artur Arakelyna, the deputy minister of transport and communications,
said that the government would announce a tender to choose a company
to construct the road following the ratification of the agreement.
The road is set to span 18.7 kilometers and will take two years to
build. Its endpoints will be in the Armenian town of Meghri in the
south and Bavra in the North, according to Arka.
Armenia's main corridor road will be upgraded through the project,
which will boost trade and growth in the Caucasus and Central Asia
sub-regions through improved connectivity. Additionally, with the new
route, Armenia will be able to mitigate an Azerbaijani and Turkish
blockade.
http://cistranfinance.com/news/armenia-to-build-road-with-loan-from-asian-development-bank/3432/
From: A. Papazian