No financial hindrance to North-South road project in Armenia – premier

No financial hindrance to North-South road project in Armenia – premier

YEREVAN, February 27. /ARKA/. There are no financial obstacles on the way to construction of North-South road in Armenia, the country’s premier Tigran Sargsyan said at a government hour in the parliament Wednesday.

The construction has been delayed as Spanish contractor Corsan Corviam was waiting for an engineering conclusion to start the works.

“We have studied the experience of our neighboring country, Georgia, and have seen our Georgian colleagues faced the same problems. We also had obstacles on our way. But we preferred the quality to the volume and deadlines. Now, when we have solved a number of issues, we can expect the construction will go faster in 2014”, the premier said.

On January 14 2010 Armenia’s government approved the investment project for construction of North-South road corridor and the framework agreement between Armenia and the Asian Development Bank for 500 million dollars.

The Japanese International Cooperation Agency (JICA) said it is ready to provide 50-70 million dollars for the construction.

The construction of the corridor is expected to be completed in 2017. The road will extend 556 kilometers to the Black Sea and Europe via Armenia (Meghri-Kapan-Goris-Yerevan-Ashtarak-Giumry-Bavra) and Georgia, and will improve communication between Europe, Caucasus and Asia. –0--

10:44 27.02.2014

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