YEREVAN. – Armenia will receive a regular tranche of $112,970,000 from the Asian Development Bank (ADB), and for the construction of the North-South concrete highway of the country.
The respective agreement was approved at Thursday’s Cabinet meeting.
The relevant loan will be provided on concessional terms, and its repayment period is 22 years whose grace period of 15 years will be at a monthly interest rate of 6 percent.
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