ASIAN DEVELOPMENT BANK TO FUND MUNICIPAL TRANSPORT INFRASTRUCTURE DEVELOPMENT PROGRAM

/PanARMENIAN.Net/
17.06.2009 20:51 GMT+04:00

/PanARMENIAN.Net/ A trilateral memorandum between Asian Development
Bank representative, Mayor of Yerevan and RA Economy Minister was
signed today in Yerevan Mayor’s Office, municipality press service
reports.

Under the agreement signed, Yerevan will start implementation of a
program aimed at developing municipal transport infrastructure.

Asian Development Bank will allocate credits for project
implementation. Priority elements within program frameworks include
enhancing Yerevan’s public transportation network and ensuring road
security. Besides, at each stage of the program, directors’ board
will provide financial and technical assistance.

The Mayor’s office will do its best to achieve project implementation
within shortest time-limits, Mayor Gagik Beglaryan said.

In his turn, Arno Dofin, Head of group in Asian Development Bank,
attached importance to cooperation with Yerevan Municipality, noting
that joint work would help bring the program to life.

According to the release, the program covers such priority trends as
constructing road junctions between Artashat and Ashtarak highways,
building a new entrance for Yeritasardakan (youth) underground station
from Sayat Nova Avenue and studying strategies for further development
of underground network.