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YEREVAN. – Thanks to saving 1 billion drams (approx. $2,092,840) in 2015, a total of 38-kilometer more roads will be repaired in Armenia. 

Deputy Minister of Transport and Communication Artur Arakelyan said the aforementioned during his report at Monday’s joint session of the National Assembly committees, and regarding the “performance” of the 2015 State Budget of Armenia.

In his words, this amount was saved within the framework of the vitally important road improvement program of the World Bank (WB). 

The second component of this program will be extended until 2019.

The program cost amounts to $50 million, whose $40 million are the WB loan, and the rest—co-funding by the Armenian government. 

With the means of the 2015 program—i.e. 13.5 million drams (approx. $28,253)—it was planned to repair 97 kilometers of road in Armenia. But now, 38-kilometer more roads will be repaired with the same amount.

Close to 170 kilometers of roads were constructed and repaired in the country in the year past.

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