PRIME MINISTER OF ARMENIA: WE HOPE ASIAN DEVELOPMENT BANK WILL APPROVE YEREVAN-BATUMI HIGHWAY PROJECT IN EARLY 2009

ArmInfo
2008-12-10 13:29:00

ArmInfo. ‘We hope Asian Development Bank (ADB) will approve Yerevan-
Batumi highway project in early 2009>, Prime Minister of Armenia
Tigran Sargsyan said in response to ArmInfo question in Tbilisi
Tuesday after the 7th meeting of Armenian-Georgian Intergovernmental
Commission for Economic Cooperation.

It is of extreme importance that the two governments have positively
evaluated the idea, which will become a basis for development of ADB
project, the premier said. At the same time Tigran Sargsyan said the
construction of the highway will become the first large-scale project
of Armenia and Georgia. ‘Armenia welcomes any idea of integration
with Georgia.

I told my Georgian counterpart that it is necessary to implement big
joint projects, which we, unfortunately, lack at present’, Tigran
Sargsyan said.

Asian Development Bank is expected to approve a total of US$140
million credits to Armenia for 2009-2010.