YEREVAN. – The second section of North-South road corridor will be completed by 2017, Deputy Transport Minister Artur Arakelyan said in the parliament on Monday.

The terms of works was delayed because of the reasons not depending on the Ministry, he added.

The whole North-South highway is intended to be 495 km, upgrading the linkage to Georgia and Iran. The road will cut border-to-border distance by almost 60 km, due to construction of new bridges and tunnels instead of existing mountainous routes.

The estimated cost of the project is $967 mln, of which ADB’s commitment is $500 mln.