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    Emil Lazarian
  • 15 years ago
    • Categories: News

WB To Allocate $35-40m Loan

WB TO ALLOCATE $35-40M LOAN

news.am
March 24 2010
Armenia

March 23, RA Transport and Communications Minister Manuk Vardanyan
received WB Armenia Country Manager Aristomene Varoudakis and Olivier
Le Bert, Program Team Leader for the Transport sector in the South
Caucasus and other World Bank officials.

Varoudakis presented the progress of transportation programs
implemented by WB, Ministerial press service informed NEWS.am. The
official noted that Lifeline Roads Improvement Project (LRIP) will
launch this year. The initial financing made U.S. $25m, followed by
another $36.6m. Varoudakis informed that the project aims at upgrading
certain section of the roads of 240km.

The WB official also touched upon implementation of new road
construction programs in the near future. He stressed that WB intends
to allocate $35-40m loan till 2010 end intended for building and
maintenance of 171km highway suspended by Millennium Challenge
corporation.

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
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