ASIAN DEVELOPMENT BANK TO PROVIDE ONE MILLION DOLLAR GRANT TO ARMENIA

NOYAN TAPAN

Dec 23, 2008
YEREVAN

The RA minister of economy Nerses Yeritsian and the RA minister
of transport and communication Gurgen Sargsyan on hehalf of the
Armenian government signed with the Asian Development Bank (ADB)
an agreement on provision of technical assistance for preparation
of the North-South Motorway Construction Program, by which the ADB
will provide a grant of 1 million USD from the Technical Assistance
Special Fund to the Armenian government.

The program on technical assistance included the Armenian side’s
proposal to take into consideration the opportunity of simultaneous
construction of a railway and a motorway in the southern section of
the North-South road corridor, while developing a ten-year action
plan within the framework of the indicated program.