YEREVAN. - The tender on the first part of tranche 3 (Talin - Gyumri) of the North-South highway is already completed. Armenia’s first Deputy Minister of Transport and Communication Artur Arakelyan told the aforementioned to Armenian News – NEWS.am today.

During the 1st tender, the Chinese company Sinohydro won, and the results of the 2nd tender will be announced either by the end of the year or in the beginning of January 2016. The construction will kick off in those sections right then.

The first two tranches (Yerevan-Artashat and Yerevan-Ashtarak, Ashtarak-Talin) are built by the Spanish Corsan Corviam company.  

The Talin – Gyumri section (45,7 km) is divided into two parts: the first will be built by the means of the Asian Development Bank (ADB), and the second one by the European Investment Bank.  

The 4-lane “North-South” concrete highway will reduce the time of moving from the Iranian to Georgian border, as well as the 556 km distance to 495 km at the expense of  leveling a number of mountainous sections and constructing new and more direct ones.