ASIAN DEVELOPMENT BANK PROVIDES $1 MLN FOR PREPARATION OF FEASIBILITY STUDY OF CONSTRUCTION OF NORTH-SOUTH MOTOR TRANSPORT CORRIDOR

ArmInfo
2009-02-18 11:16:00

ArmInfo. Construction of North-South motorway will make it possible
not only connect the motor transport systems of Armenia and Georgia,
but also to assure transit through traffic, Transport and Communication
Minister of Armenia Gurgen Sarkisyan said during the meeting with
Director of Transport and Communication Division of the Central and
Eastern Department of the Asian Development Bank (ADB) Gong Vang.

As spokeswoman of the Transport and Communication Ministry of Armenia
Susanna Tonoyan told ArmInfo, the minister also touched on the project
of construction of Iran- Armenia railway. He recalled that the Asian
Development Bank is also interested in this project. For his part,
Gong Vang said the project of construction of Iran-Armenia railway
has already been included in the Bank’s programme for 2009. In
particular, $1 mln were granted to carry out the feasibility study
of ADB project. He emphasized that the results of the tender on
selection of the project consultant are currently summed up. The
consulting company will start working in the second half of April,
2009. As for the project financing, the Bank representative spoke
out for its stage-by-stage fulfillment.