EBRD announces tender for design engineering and construction of bridge between Georgia and Armenia

YEREVAN, August 5, /ARKA/. The European Bank for Reconstruction and Development (EBRD) announced a  two-stage tender for design engineering and construction of a bridge across the Debed River in the borderland between Georgia and Armenia, Business Georgia reported.

This project, which is estimated at 10 m euro, will be funded by the European Bank for Reconstruction and Development by means of extending credits to Georgia and Armenia.
Te tender will be held until the 20th of September in the EBRD system of electronic purchases, Client E- Procurement Portal.

According to the plan, the project’s implementation will begin late in December 2016 and will last 42 months, including 18 months to carry out design engineering and construction work and 24 months to detect the possible defects.

Intergovernmental agreement between two countries on construction of a bridge at Sadakhlo and Bagratashen check points in Georgia and Armenia correspondingly was signed in December 2014. -0-

spot_img

POPULAR

IDBank in Monaco: Armenian Financial Innovation on a Prestigious International Stage

During the two-day exhibition held in Monte Carlo, Armenia and Armenian products were showcased to the international community, ranging from fine jewelry and diamond manufacturing to innovative banking solutions.

Demand and potential economic problems: head of the Central Bank of Armenia named the reason for the rate hike and the conditions for its...

The decision of the Board of the Central Bank of Armenia to raise the refinancing rate was primarily due to excessive demand factors, Central Bank Governor Martin Galstyan stated in response to a question from ARKA news agency.

Euro, dollar, and ruble exchange rates against the Armenian dram have increased: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, increased by 0.9 points on September 15, 2026, compared to September 14, to 364.18 drams.

No liquidity shortage in Armenia, question is about business readiness: Central Bank Chairman

There is no liquidity shortage in Armenia, but the question remains about whether businesses meet investor requirements, according to Central Bank Chairman Martin Galstyan.

Acba Bank is a market maker for EBRD bonds in Armenia

Acba Bank will act as a market maker for dram-denominated bonds of the European Bank for Reconstruction and Development (EBRD) on the Armenia Securities Exchange (ASE), ensuring their liquidity in the secondary market, the bank's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img