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The Eurasian Development Bank (EDB) is preparing a $100 million-worth project for the construction of a section of the North-South trans-Armenian highway. 

Armenian government representatives stated the aforesaid at the EDB on Thursday, the Bank official website reports.

The project was developed jointly with the Asian Development Bank (ADB), which is its main sponsor.

In all likelihood, the section to be constructed will be between the cities of Meghri and Kapan. 

Overall construction of the North-South Highway will total $967 million, whose $500 million will be allocated by the ADB.

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