ARMENIAN GOVERNMENT SIGNS AGREEMENT WITH ASIAN DEVELOPMENT BANK
RIA OREANDA
Dec 26 2008
Russia
Yerevan. OREANDA-NEWS . On 26 December 2008 was announced, that the
RA Minister of Economy Nerses Yeritsyan and RA Minister of Transport
and Communication Gurgen Sargsyan n behalf of the Government of
Armenia signed an agreement with Asian Development Bank on provision
of technical assistance to the Government of Armenia in an amount
not exceeding the equivalent of US USD 1,000,000 for preparing the
North-South Road Corridors Development Program.
The Technical Assistance of USD 1,000,000 will be provided by ADB on
a grant basis by the Technical Assistance Special Fund. The Ministry
of Transport and Communication is to serve as the Executing Agency
for the Technical Assistance.
The suggestion of Armenian side was also included in Technical
Assistance program: such as take into the framework of ten-year action
plan the possibility of railroad and high way construction in the
Southern part of the North-South Road Corridors.