Armenia to receive USD 60 mil. from ABD to implement South North highway feasibility survey

PanARMENIAN.Net - 3 road construction programs, with a total worth of AMD 39.8 billion were implemented by Armenian Ministry of Transport and Communication in 2009, Minister Gurgen Sargsyan stated.



The programs were as follows: AMD 9,9 were allocated for reconstruction of 120 km. of roads and 6 bridges; USD 5.4 million were provided by WB and Armenian Government for 100 km of local roads construction, USD 16.92 were invested by RA Government and 47,92 by Asian Development Bank for reconstruction of 227 km of roads. Part of construction works stipulated by programs indicated will be completed in 2009; programs will be finalized in 2010.



In this context, Minister Sargyan emphasized the regional importance of North-South highway project implementation for connecting Yerevan with Georgian ports of Poti and Batumi.



Armenia will receive USD 60 million tranche form Asian Bank of Development to implement South North highway feasibility survey in April 2010. Total value of the project will comprise USD 965 million, with USD 500 million to be provided by ABD. "Highway construction will allow for 30% transportation cost cutting," he said.