ARMENIAN GOVERNMENT APPROVS THE LOAN PROGRAM FOR NORTH-SOUTH ROAD CORRIDOR CONSTRUCTION
Hasmik Dilanyan

"Radiolur"
14.01.2010 15:04

At this year’s first session the Armenian Government approved the
investment program on North-South road corridor. Armenian Economy
Minister Nerses Yeritsyan reminded that the program is funded by the
Asian Development Bank, which will provide a loan of 500 million USD.

According to the Minister, the first tranche of the loan in the
amount of $60mln will be received in early 2010. Nerses Yeritsyan
informed that at the first stage, they will complete the construction
of Yerevan-Gyumri, Yerevan-Ashtarak and Yerevan-Ararat roads.

The Minister of Economy stated that according to the program, at the
second stage, they will realize construction of Sisian-Kapan road. All
in all, according to him, they plan to realize construction of 250km
of roads at the sum of $120mln in 2010.