YEREVAN. – Spanish Corsan Corviam Construccion S.A. Company won the competition on construction of three sections of North-South corridor in Armenia.
The Armenian Government authorized on Thursday the Transport and Communication Minister to conclude a contract with the Company.
The contract amounts to $250 million and the project is financed by the Asian Development Bank (ADB). According to the PM Tigran Sargsyan, the overall investments for the project amount to $1.5 billion.
Four Chinese and two Spanish companies have applied for parrticipation in tender.