USD120 MILLION TO BE DIRECTED TO NORTH-SOUTH CORRIDOR CONSTRUCTION IN 2010.

PanARMENIAN.Net
14.01.2010 17:23 GMT+04:00

/PanARMENIAN.Net/ The Government of Armenia approved "Investment
Program on North-South Road Corridor Construction" at the 14 January
meeting .

The total cost of the investment program, financed by Asian
Development Bank, will reach USD 500 million and involves
construction of Agarak-Kapan-Yerevan-Gyumri-Bavra highways and the
road infrastructures. The construction of the corridor will improve
the road link with Iran and Georgia, providing access to international
destinations and markets.

USD 120 million worth construction works are projected to implement
in 2010. .