EXPENSES IN TRANSPORT SPHERE TO BE REDUCED BY 12% IN 2010

PanARMENIAN.Net
11.11.2009 14:55 GMT+04:00

/PanARMENIAN.Net/ Under 2010 State Budget, expenditures in transport a
will make up AMD 34 billion instead of the AMD 38.8 billion envisaged
for 2009. This is a 12% decrease in comparison with current year,
Transport and Communication Minister Gurgen Sargsyan told a press
conference in Yerevan.

Next year’s budget mainly envisages reconstruction highways of state
importance. Allocations to be made for that purpose will comprise AMD 2
billion. The sum will be spent on repairing and building roads with a
total area of 63 km., as well as reconstructing transport facilities,
particularly 8 bridges. "ADB-funded road reconstruction program will
continue in 2010. As a result, we’ll put in commission reconstructed
rural roads with a total area 118-120km. Expenditures will make up
AMD 4 billion," Minister said.

At that he noted that the second, World Bank-funded road reconstruction
program costing AMD 18.8 billion will be launched in 2010 for repairing
roads with a total area of 100 km.

Minister also informed participants about another key program aimed
at construction of south-north corridor. Budgetary allocations for
this program will comprise $60 million.

In addition, Minister said that $70 million rural road reconstruction
program is currently being negotiated with a Chinese company.

"Negotiations will be followed by signing of agreement, and very
probably, this program too, will be launched in 2010," Sargsyan said.

From: Emil Lazarian | Ararat NewsPress