YEREVAN, March 31. /ARKA/. Ten-fifteen percent of the works for construction of the North-South road has been completed, Armenia’s minister of transport Gagik Beglaryan told reporters at the conference “Armenia-CU – opportunities and challenges” in Yerevan Saturday.
The exact amount of the project costs can be reported after the design works are over, the minister said. Right now only rough figures are available, he said.
On March 11, 2014, Armenian Finance Minister David Sargsyan and Asian Development Bank Resident Representative in Armenia David Dole signed an agreement on the third, $100-million tranche for investment in construction of North-South transport corridor.
The 556-kilometer North-South Road Corridor links Central Asia and India with Iran, Georgia, Russian Federation and Europe. The corridor passes across Armenia from South to North (Meghri-Kapan-Goris-Yerevan-Ashtarak-Gumri-Bavra), links up with the Georgian road leading to seaports Poti and Batumi (Black Sea) and on toward Russia, CIS and EU. –0--