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Feasibility study for fourth phase of north -south transport corrido

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  • Feasibility study for fourth phase of north -south transport corrido

    Feasibility study for fourth phase of north -south transport corridor
    in Armenia will be ready in late April


    YEREVAN, March 7. / ARKA /. The feasibility study for a project
    designed to build the fourth phase of North -South transport corridor
    in Armenia will be ready in late April 2014, a representative of the
    Armenian government said during a meeting of the Eurasian Development
    Bank (EDB) , held yesterday.

    The $100 million worth s project is being prepared by the EDB as the
    Manager of EurAsEC Anti-Crisis Fund in collaboration with the Asian
    Development Bank (ADB).

    If the project is approved by Anti-Crisis Fund Board , which is
    expected somewhere in June 2014, the financing would follow the same
    year.

    On 26 June 2013 the ACF Council approved the preliminary request and
    Concept Note for the investment project in Armenia the Construction of
    the North-South Road Transport Corridor (Phase 4) in the amount of US$
    100 million. The project involves rehabilitation of a section of the
    transport corridor as part of the investment project "Construction of
    North-South Road Corridor".

    The "North-South" Road Corridor links Central Asia and India with
    Iran, Georgia, Russian Federation and Europe. The corridor passes
    across Armenia from South to North
    (Meghri-Kapan-Goris-Yerevan-Ashtarak-Gumri-Bavra), links up with the
    Georgian road leading to seaports Poti and Batumi (Black Sea) and on
    toward Russia, CIS and EU. The "North-South" road is part of the
    transnational motorway AH 82 interlinking such Central Asian countries
    as Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.

    As a result of the proposed comprehensive development project, the
    road route Europe-Caucasus-Asia will be improved in the zone of
    junction between West Europe and Eastern Europe. The quickest shortcut
    route of the corridor, 449 km in length, in its final stretch on the
    territory of Georgia runs along the road Akhaltsykhe-Batumi, which is
    currently in need of rehabilitation.

    Following the meeting, the parties agreed on a joint mission of the
    EDB , ADB and Armenian Ministry of Transport in March- April this
    year.

    EDB was established by Russia and Kazakhstan in January 2006 with the
    purpose of support to market economy of participant-states. Charter
    capital of the bank exceeds $1.5 billion. Participant-states of the
    bank are Russian Federation, Belarus, Kazakhstan, Armenia, the Kyrgyz
    Republic and Tajikistan.

    The EURASEC Anti-crisis Fund is an international financial institution
    established by Armenia, Belarus, Kazakhstan, Kyrgyz Republic, Russia
    and Tajikistan with the goals to assist its member states in
    overcoming the consequences of global financial crisis, to ensure
    their long-run economic stability and to foster economic integration
    of ACF member-countries.

    The Fund assists member states with two instruments -- financial
    credits, available to governments only, and investment loans, provided
    either to ACF member states or to companies implementing interstate
    and national investment projects. -0-

    - See more at: http://arka.am/en/news/economy/feasibility_study_for_fourth_phase_of_north_south_ transport_corridor_in_armenia_will_be_ready_in_lat/#sthash.wqquK6zg.dpuf

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