Expenses in transport sphere to be reduced by 12% in 2010November 11, 2009 - 14:55 AMT PanARMENIAN.Net - Under 2010 State Budget, expenditures in transport a will make up AMD 34 billion instead of the AMD 38.8 billion envisaged for 2009. This is a 12% decrease in comparison with current year, Transport and Communication Minister Gurgen Sargsyan told a press conference in Yerevan.Next year's budget mainly envisages reconstruction highways of state importance. Allocations to be made for that purpose will comprise AMD 2 billion. The sum will be spent on repairing and building roads with a total area of 63 km., as well as reconstructing transport facilities, particularly 8 bridges. "ADB-funded road reconstruction program will continue in 2010. As a result, we'll put in commission reconstructed rural roads with a total area 118-120km. Expenditures will make up AMD 4 billion," Minister said. At that he noted that the second, World Bank-funded road reconstruction program costing AMD 18.8 billion will be launched in 2010 for repairing roads with a total area of 100 km. Minister also informed participants about another key program aimed at construction of south-north corridor. Budgetary allocations for this program will comprise $60 million. In addition, Minister said that $70 million rural road reconstruction program is currently being negotiated with a Chinese company. "Negotiations will be followed by signing of agreement, and very probably, this program too, will be launched in 2010," Sargsyan said. 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 | Politico: Belarus delivered advanced weapons to Azerbaijan in 2018-2022 Belarus delivered advanced weapons to Armenia’s enemy even though both countries were supposedly allies in a defense pact. Armenia Security Council chief to attend Ukraine peace summit Secretary of the Security Council of Armenia Armen Grigoryan will take part in the Ukraine peace summit in Switzerland. Deputy U.S. Secretary of State to arrive in Yerevan Deputy Secretary of State for Management and Resources Richard R. Verma will travel to Yerevan, Armenia from June 17-19 to. Armenia recalls Belarus envoy for consultations Armenian Ambassador to Belarus has been called to Yerevan for consultations, a spokesperson for the Foreign Ministry reveals. |