EUROPEAN INVESTMENT BANK INTERESTED IN NORTH SOUTH HIGHWAY CONSTRUCTION PROJECT

PanARMENIAN.Net
May 14, 2010 – 20:14 AMT 15:14 GMT

On May 11-13, Tbilisi hosted conference entitled Transportation
Perspectives in South Caucasus.

Conference participant, Armenian Minister of Transport and
Communication Manuk Vardanyan met with representatives of European
Investment Bank (EIB), who displayed interest in North South highway
construction project.

EIB expressed readiness to discuss co-financing construction of
Ashtarak-Guymri highway section trough contributing USD 120 million
to the project.

In conclusion, Armenian Minister of Transport and Communication offered
to consider possible cooperation in railway construction sphere.