WB To Fund Road Construction In Armenia

Emil Lazarian News

WB TO FUND ROAD CONSTRUCTION IN ARMENIA

PanARMENIAN.Net
08.05.2009 12:59 GMT+04:00

/PanARMENIAN.Net/ .World Fund intends to provide USD 36 million credit
to RA Government for road construction on the territory of Armenia,
RA Transportation Minister Guren Sargsyan said on Thursday.

Future funding will depend on the success of Rural Roads Construction
Project 2009, USD 25 million funding recipient.

International Development Association credits are provided for 20
years, with 0,75% interest rate to be paid within the first 10 years.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS