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Spanish company wins tender to build North-South road in Armenia

17:38, 26.04.2012 Region: Armenia Theme: Economics

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.

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