Armenia Presents Technical Solutions On Construction Of North-South Transport Corridor To Investors

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Economy

06.09.2011, 03:32

Armenian Transport Ministry has presented technical solutions on construction of the North-South transport corridor to investors, the ministry’s press office reported on Monday.

YEREVAN, September 5. /ARKA/. Armenian Transport Ministry has presented technical solutions on construction of the North-South transport corridor to investors, the ministry’s press office reported on Monday.

In the past weekend, a conference focused on the construction was held in Armenia. The conference came ahead of the tender for construction of the first three sections of the transport corridor.

Representatives of concerned companies visited the sections subject to reconstruction under this program.
On January 14, 2010, the Armenian government approved the investment program on construction of the North-South transport corridor as well as $500-million loan agreement between Armenia and Asian Development Bank.

The first tranche, $70 million, is planned to be spent for reconstruction of Yerevan-Ararat and Yerevan Ashtarak sections.

The second, $210-million tranche, will be targeted for rehabilitation of Ashtarak-Talin section.-0---

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