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 | Armenia to participate in key EU meeting for the first time ever National Assembly speaker Alen Simonyan has said that Armenia will for the first time participate in the Conference. U.S. reacts to Russia’s criticism of upcoming Armenia-EU-U.S. meeting Matthew Miller has weighed in on Russia’s criticism of an upcoming Armenia-EU-U.S. meeting. Lavrov sees ‘collapse’ of Russia’s ties with Armenia Russian Foreign Minister Sergey Lavrov has underscored heightened tensions between Russia and Armenia. Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine |