DIRECTORSHIP OF ARMENIAN MOTORWAYS TO PERFORM FUNCTIONS ENVISAGED BY RURAL ROAD RECONSTRUCTION PROGRAM

Noyan Tapan
Jan 15 2007

YEREVAN, JANUARY 15, NOYAN TAPAN. An implementation agreement was
signed between the Millennium Challenge Account – Armenia (MCA-Armenia)
and Hayavtochan (Directorship of Armenian Motorways) state non-profit
organization, according to which MCA-Armenia intends to implement the
Rural Road Reconstruction Program through Hayavtochan. The agreement
was signed for 5 years, its cost makes 1 million 87 thousamd USD.

Within the framework of the agreement Hayavtochan will perform all
the functions necessary for a timely and successsful implementation
of the Rural Road Reconstruction Program.

The MCA – Armenia Program (it total cost makes 236 mln USD) envisages
rural poverty reduction through a sustainable and continuous growth of
economic indices in the rural sphere. 67.1 mln USD will be allocated
for reconstruction of 943 km of rural roads under the program.