 EU, World Bank will invest €700 million in Armenia January 17, 2019 - 14:40 AMT PanARMENIAN.Net - The European Union and the World Bank will allocate €700 million to Armenia. In a bid to boost connectivity and economic growth in the Eastern Partnership (EaP) countries, the European Commission and the World Bank have co-authored a Trans-European Transport Network (TEN-T) Investment Action Plan that identifies priority projects in Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. Together, the projects will require an estimated investment of almost €13 billion and foresee a total of 4800 kilometres of road and rail, six ports, and 11 logistics centres. According to RFE/RL Armenian Service, the majority of the projects set to be implemented in Armenia are connected with the North-South Road Corridor. A document published by the EU on Wednesday, January 16 reveals that €450 will be spent on the construction of a road section connecting the Armenian towns of Artashat and Agarak (346km in total). Furthermore, €15 million will be allotted to the modernization of Meghri border checkpoint in the country’s south.   Top stories Artsakh's independence cannot be a bargaining chip, Catholicos of the Great House of Cilicia Aram I told an Easter mass. The United Kingdom is calling both Armenia and Azerbaijan to work towards a de-escalation in Nagorno-Karabakh. Simonyan said the situation in Karabakh is very tense, referring to Azerbaijan's recent incursion into a populated area In the past two days, Azerbaijan has been using drones and other munitions to attack Nagorno-Karabakh.   Partner news |  Latest news Civil Contract announces nominees for local elections  The Civil Contract party has announced who will lead the party's proportional lists in the upcoming local elections in Armenia.Pashinyan participates in Hayastan Fund meeting in Yerevan Prime Minister Nikol Pashinyan took part in the 31st sitting of the Board of Trustees of the Hayastan All-Armenian Fund.Armenia, Karabakh seek to harmonize peace efforts Armenian Foreign Minister Ararat Mirzoyan and Nagorno-Karabakh (Artsakh) State Minister Artak Beglaryan have met in Yerevan.Azerbaijan spreading disinformation again, says Armenia The Armenian Defense Ministry has denied reports from Baku alleging that Armenian forces violated the ceasefire. |
