Armenian to announce tender for fourth tranche of North-South international transport corridor project
YEREVAN, June 5. /ARKA/. The Armenian government will announce soon a tender for the fourth tranche of the North-South international transport corridor that includes the Sisian-Kajaran section, Armenian Finance Minister Vahe Hovhannisyan told the parliament today.
The minister said that there are three financing parties: the European Bank for Reconstruction and Development, the European Investment Bank and the Asian Development Bank.
According to him, the projected cost of the tranche is about $1 billion, however, the exact cost will be determined at the tender stage.
"I hope that this year we will review the tender results and announce the winner so that be able to start the construction work next spring ," he said.
The goal of North-South transport corridor 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 broader region.
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. -0-
