  Armenia kicks off North-South corridor highway construction  September 13, 2012 - 14:25 AMTPanARMENIAN.Net - Armenia has kicked off construction of the North-South corridor highway at Yerevan-Ararat sector, with Transport and Communications Minister Gagik Belgaryan, North-South Road Corridor Investment Program SNCO Executive Director Ara Hovsepyan and president of Spanish Isolux Corsan company Francisco Garcia attending the ceremony. This corridor highway will help Armenia strengthen its role as a transit country, as the North-South will join the “southern gate” of Meghri with Georgia’s Black Sea ports, Mr. Hovsepyan commented. The project is estimated at $962 million, of which $500 will be allocated by the Asian Development Bank. Partner news  Top stories Tigran Sargsyan noted that the new plant will be constructed after the current one is finally out of operation. IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices.   Partner news |  Latest news German scientists ready to include Armenian petroglyphs in UNESCO list  The scientists conducted a survey of ancient rock art, with a database of Armenian petroglyphs to be later developed.OSCE Minsk Group Co-Chairs won’t visit Artsakh French Co-Chair of the OSCE Minsk Group Jacques Faure said the co-chairs are not planning a visit to Nagorno Karabakh.Penguin reaches $75mln agreement in iBooks price fixing lawsuit In a press release, Penguin's parent company, Pearson, noted it had made a $40 million provision for settlement in its 2012 accounts.Baku says OSCE Minsk Group activity yielded “certain results” Bahar Muradova says the report of the political committee of the OSCE PA summer session comprises provisions on the conflict. |
