YEREVAN, September 13. /ARKA/. Some 60 % of the work for the construction of North-South transport corridor across Armenia will be completed before the end of this year, transport and communications minister Gagik Beglaryan said at a government session today. According to him, about 500 meters of road is being concreted a day in both directions.
"Currently, the work is underway on Yerevan- Ararat and Yerevan-Ashtarak sections. The project is being implemented by Spanish Corsan Corvian Construccion.
The Armenian government approved this program as well as a $500-million financial agreement with Asian Development Bank on January 14, 2010. The goal of the project is to upgrade Armenia’s main corridor road as part of a broader thrust to improve connectivity, and boost trade, growth and livelihood opportunities in the Caucasus and Central Asia sub-regions. Funds are being released by the Asian Development Bank periodically through a multitranche financing facility. The transport corridor will stretch from the southern Armenian town of Meghri, on the border with Iran, to Bavra in the north on the border with Georgia. The North-South transport corridor will enable Armenia to mitigate the effects of the blockade imposed by Azerbaijan and Turkey.
The North -South transport corridor project was initiated by Russia and Iran. Armenia and Iran have also agreed at the highest level to consider the possibility of laying a railway link between the two countries that will become part of the transport corridor. -0-