On March 11 RA Finance Minister David Sargsyan and permanent representative of Asian development bank in Armenia David Doll signed “North-south” road investment plan” third part- 100 million dollar credit agreement.
The goal of this investment plan is to create efficient, safe and stable North-south road, which will ensure ties in Armenia as well as international ties with other countries.
Agreement’s third part consists of these main components:
• The reconstruction of 18.7 km road between Talin and Lanjik cities and its enlargement, making it two-side traffic four-road highway,
• The long road subsectorial plan, road asset management and ongoing maintenance administrative system development and implementation
• North-South road 304 km from Artashat to Khajaran part preparation of feasibility study
• Plan implementation support and “North-south” road corridor investment plan further portion preparation, including feasibility study and detailed engineering project preparation.
Ministry of Finance Information and Public Relations Department