ADB 'keeps supporting' Armenia in North-South road construction

ADB 'keeps supporting' Armenia in North-South road construction

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
Masdar has entered into a formal agreement with Anif to develop 400 MW solar power projects in Armenia.
Armenia hopes to reach an economic growth rate of 7-9% over the period of 2020-22, PM Nikol Pashinyan said.
The meeting specifically focused on the possibility of investing and implementing new projects in the future.
The export of fruit wines from Armenia grew by 41% in the first seven months of 2019 against the same period last year.
Partner news