Winner of tender to reconstruct Yerevan-Ashtarak section of north-south transport corridor to be announced in one month
02.11.2010,
19:46
Winner of tender to reconstruct Yerevan-Ashtarak section of north-south transport corridor to be announced in one month
YEREVAN, November 2, /ARKA/. Armenian transport and communications ministry said Monday the winner of an international tender announced by the government to select a company for a major reconstruct of an 18 kilometer section of the road corridor between the capital city Yerevan, and Ashtarak to the north, the first phase of North-South Road Corridor project, to be launched in 2011, will be announced in one month.
The ministry opened Monday the application packages of 13 bidding companies, saying it has shortlisted three companies, Austrian STRABAG International that said it could do the work for $51.141 million, U.S.-based Feletechnologies – ($18.944 million) and Spanish MJGRUAS - $22.618 million. The tender commission will examine all bids and then will present them to the Asian Development Bank that will fund the initial loan of $60 million for this project.
Last year the Asian Development Bank (ADB) pledged a $500 million loan to Armenia to upgrade its 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 will be released 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 project is estimated preliminary to cost $962 million.
On January 14, 2010 the Armenian government approved the investment program for building the North-South transport corridor and a framework $500 million loan agreement with the Asian Development Bank. The government approved also an agreement on disbursement of the first tranche of the loan in the amount of $60 million. -0-
The ministry opened Monday the application packages of 13 bidding companies, saying it has shortlisted three companies, Austrian STRABAG International that said it could do the work for $51.141 million, U.S.-based Feletechnologies – ($18.944 million) and Spanish MJGRUAS - $22.618 million. The tender commission will examine all bids and then will present them to the Asian Development Bank that will fund the initial loan of $60 million for this project.
Last year the Asian Development Bank (ADB) pledged a $500 million loan to Armenia to upgrade its 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 will be released 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 project is estimated preliminary to cost $962 million.
On January 14, 2010 the Armenian government approved the investment program for building the North-South transport corridor and a framework $500 million loan agreement with the Asian Development Bank. The government approved also an agreement on disbursement of the first tranche of the loan in the amount of $60 million. -0-
