Tue, 9 September
23.1 C
Yerevan
USD: 382.77 RUB: 4.70 EUR: 447.46 GEL: 142.16 GBP: 515.90

Minister: Armenia expects $60 million from Asian Development Bank for recovering rural roads

YEREVAN, November 11. /ARKA/. Armenia expects $60 million from Asian Development Bank for recovering rural roads, Transport and Communication Minister Gurgen Sargsyan said on Wednesday.

The matter, he said, is under negotiation now, and construction is planned to be launched in April or May 2010.

“A tender for design will be announced soon and another tender, for construction, is planned to be completed by spring,” Sargsyan said.

The minister said that the Asian Development Bank is though to start transferring money in early 2010.

In the 2010 state budget, Armenian government is planning to recover about 120 kilometers of rural roads from the Asian Development Bank’s loans.

The Asian Development Bank was established in 1966.

The bank has 67 members.Armenia joined the bank on September 20, 2005.
Armenia has signed a number of agreements and the mutual understanding memorandum with the Asian Development Bank.

The bank’s rural road and water supply projects in Armenia are estimated to cost $83 million. Armenia has received $381 million from the bank. -0–

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

ACBA Federation promotes rural tourism in Armenia: the success story of Manana guest house (video)

Four years prior, Astghik Ghazaryan, a professional educator, established the Manana guest house in her hometown of Marmarik.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

AIIB prepared to support  advancement of Armenia’s economy – President

The Asian Infrastructure Investment Bank (AIIB) is poised to aid the development of Armenia's economic, scientific, and educational sectors by investing in initiatives that will foster the nation's long-term growth and strengthen regional connections.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img