YEREVAN. – The National Assembly Standing Committee on Foreign Relations endorsed two loan agreements which, in all likelihood, will be ratified by the Armenian parliament, 168 Zham daily reported.

“As a result of them, Armenia’s foreign debt will increase by another 180 million dollars, or more precisely, by 100 million dollars and 60 million euros.

“The first loan agreement was signed between Armenia and the European Investment Bank. With this contract, the bank will provide a loan of 60 million euros to fund Armenia’s ‘North-South’ road corridor, wherewith the corridor’s Maralik-Gyumri section shall be built.

“And with the loan agreement signed between Armenia and the Asian Development Bank [ADB], ADB will allocate 100 million dollars, whereby the section from Talin [city] to Maralik [city] section shall be built, and several project-calculation works, consulting, and audit will be conducted,” 168 Zham wrote.