Armenia to receive USD 60 mil. from ABD to implement South North highway feasibility surveyDecember 21, 2009 - 14:32 AMT 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. 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 border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. “Great success”: Pashinyan pleased with new border protocol Pashinyan has described the signing by Armenia and Azerbaijan of a protocol on delimitation in Tavush as “a great success”. Armenia, Azerbaijan sign protocol on demarcation coordinates Armenia’s government took on May 15 another step towards handing over four border areas to Azerbaijan. U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. |