// IP Marketing video - START// IP Marketing video - END

Italian firm to invest $33 million in construction of key Yerevan road

Italian firm to invest $33 million in construction of key Yerevan road

PanARMENIAN.Net - The Italian company Tirrena Scavi will invest about $33 million in the construction of a road which is part of a new bypass around the Armenian capital city of Yerevan.

According to a statement from the government, a contract with the firm is set to be signed by the end of the year, while construction will begin in the spring of 2018.

The section will be 10 km long and 24m wide, with three tunnels, at least four lanes and a LED lighting system,

The issue was discussed at a meeting with prime minister Karen Karapetyan on Monday, December 4.

 Top stories
Mount Maymekh will become a skiing zone under a new project which will attract about $30 million in investments and create some 1600 jobs.
Armenia would become a rock-bottom option in the Eastern European region, maybe in the world, for citizenship through investment.
Cryptocurrency fever seems to have spread to the former Soviet republics with Armenia, the land of Mount Ararat, being one of them.
Armenia’s exports grew 25% in 2017 against 2016 to amount $2,242 billion overall, the National Statistical Service reveals.
Partner news