ADB 'keeps supporting' Armenia in North-South road constructionJuly 31, 2018 - 13:56 AMT PanARMENIAN.Net - In response to recent press coverage regarding the construction of the North-South Corridor, the Asian Development Bank clarified that as a financing partner for the Government of Armenia for the North-South Corridor projects, “ADB monitors and advises” on the project implementation according to the Bank’s guidelines. According to the bank, it does not impose any specific construction methodology, while encouraging implementing agencies to ensure quality construction under an adopted methodology to maximize durability, reduce long-term maintenance costs, and extend the life of the infrastructure, the statement reads. ADB expressed hope that a similar approach is applied to the North-South highway project and expects continuous cooperation with the Armenian government to complete the construction of this vital infrastructure. 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 | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |