Armenpress
“MILLENNIUM CHALLENGES” PROGRAM TO PROVIDE 56.5 MILLION USD FOR
RECONSTRUCTION OF VILLAGE ROADS
YEREVAN, AUGUST 12, ARMENPRESS: The Millennium Challenges program will
provide 56.5 million USD to Armenia for the reconstruction of the village
roads.
A road specialist of the task group Hakob Petrosian said 1,100 km long
roads of local and state importance are included in the program. More than
300 communities will be joined to roads having inter-state importance. He
said constriction of new roads is not expected.
According to him, the task group has thoroughly studied the state of the
roads and bridges and on the basis of the collected information the program
will be finally assessed with the participation of US experts. The road
specialist said the main aim of the program is the reduction of poverty by
economic development. The roads are infrastructures which have important
role in the development of agriculture. According to the initial estimates,
the program will promote the reduction of poverty by five percent and solve
social-economic issues as well as the ones connected with road
communication.
H. Petrosian said in September a memorandum will be signed which will
witness that the American side will surely finance the program. Then the
negotiations over the agreement will start and it will be ready at the end
of the year. In 2006 projecting works will launch and competition for
construction will be held. The construction will last 2007-2010.