YEREVAN. – The Asian Development Bank will give $50 million to Armenia for carrying out repairs to the highway leading from Vanadzor town to the border with Georgia.
The respective loan agreement was approved at Thursday’s Cabinet meeting of the Government of Armenia.
The loan will be provided in euros equivalent to $50 million; that is €44 million.
The European Investment Bank is co-funding this €51 million-worth project.
Blinken: US supports Crossroads of Peace project initiated by Armenia
Nikol Pashinyan: Highways, railways, pipelines, cables must enter Turkey from Azerbaijan via Armenia
Kazakhstan FM notes Armenia’s Crossroads of Peace project’s importance for Middle Corridor
Deputy economy minister: Matter of opening India-Iran-Armenia trade corridor being discussed
Is Armenia logistically ready to find alternatives to Russia?
Ruben Rubinyan to Hikmet Hajiyev: Armenia has never agreed to provide extraterritorial corridor to Azerbaijan
