YEREVAN. - The construction of the North-South concrete motorway between Armenia’s Talin and Gyumri cities will be launched on June 17, First Deputy Minister of Transport and Communication, Artur Araqelyan, stated in the parliament Tuesday. It was possible to conduct the competition with significant savings, he added.

The two-lane road will be expanded to include four lanes, the asphalt coverage being replaced with concrete one. The work will be carried out in the framework of Tranche 3 of the trans-Armenian North-South motorway.

The construction of the 46,2 km long Talin-Gyumri section will be funded by the loans of the Asian Development Bank (ADB) ($100 mln) and European Investment Bank (EIB) (60 mln euro), as well as 12 mln euro grants of the same bank.