// 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
Fitch Ratings affirmed the sovereign's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B+'.
Armenia's economy is expected to expand by 5.8% in 2017 and grow further by 3.8% and 3.6% in the following two years, the UN said.
"7.5 million liters of wine were produced in the country in 2016, which is by 14% more than the amount produced a year earlier," Karapetyan said.
"There is ample proof that Monsanto's sprays have poisoned our environment contributing drastically to dying off of bees," Tankian said.
Partner news