  Armenia to launch North-South corridor construction by yearend June 24, 2011 - 17:19 AMT PanARMENIAN.Net - RA Economy Minister Tigran Davtyan has said that Armenia will launch the construction of North-South transport corridor in yearend, with the second tranche of the project already ratified by the parliament. On June 23, Armenian parliament ratified a credit agreement between Armenian government and Asian Development Bank, envisaging allocation of the second tranche of USD 170 million for North-South corridor construction. Total cost of the program is USD 500 million. The Corridor will allow Armenia to become a transit state in regional transportation industry, as well as join the Black Sea circular highway.   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 |  Latest news Government reveals details from Pashinyan’s meeting in border village  Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush provinceNarek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28.Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia.Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |
