  RA Minister of Transport, WB representative sign $50mln protocol June 9, 2010 - 17:25 AMT PanARMENIAN.Net - Armenian Minister of Transport and Communication Manuk Vardanyan and coordinator of the WB program on regional infrastructures Olivier le Ber signed a $50mln protocol on additional financing for implementation of the second stage of the Lifeline Road Improvement program. The program envisages rehabilitation of lifeline roads with total length of 190km and creation of jobs in the field of road construction. Meanwhile, 50km will be repaired this year, the Ministry’s press service reported. On July 15, the program will be submitted for the WB Board of Directors approval, after which a loan agreement will be signed. The WB loan will total $40mln, while the rest $10mln will be allocated by the Armenian government.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Protesters rally as Georgia debates 'foreign agent' bill  Georgian critics label the bill "the Russian law", comparing it to legislation used by the Kremlin to crack down on dissent.Former Pashinyan envoy urges end to Genocide speculation Marukyan has urged authorities in Armenia stop discussions about verifying the names of 1.5 million victims.Azerbaijan, Jordan sign deal on defense cooperation Azerbaijan and Jordan have signed an agreement on cooperation in the field of defense, according to an official statement.First Canadian expert join EU mission in Armenia The first Canadian expert to join the European Union’s civilian mission in Armenia has arrived in Armenia. |
