March 07, 2014 18:23
EDB could issue $100 mln loan to Armenia in 2014 to build North-South road corridor
YEREVAN. March 7 (Interfax) - The Eurasian Development Bank (EDB) could issue a loan for $100 million to Armenia for the construction of the North-South highway, the bank said in a statement.
The project's feasibility study will be prepared at the end of April this year, the statement cites representatives from the Armenian government as saying.
The $100 million loan will be issued by the bank in its capacity as manager of the Eurasian Economic Community's (EurAsEC) Anti-Crisis Fund (ACF).
The EDB said that financing could begin as early as 2014 if the ACF council gives its final approval of the project, which is set to occur in June.
The EurAsEC Anti-Crisis Fund approved the blueprints for the project in June of 2013, as well as the respective preliminary application for ACF funding. These resolutions by the ACF council allowed preparation for the feasibility study to begin, the EDB said.
The North-South transportation corridor joins Central Asia and India with Iran, Georgia, Russia and Europe. Extending across Armenia from south to north (Megri-Kapan-Goris-Yerevan-Ashtarak-Gyumri-Bavra), the corridor is linked to the Georgian road network leading to Poti and Batumi ports on the Black Sea and farther into Russia, the CIS and the European Union. The North-South highway is also part of the Asian Highway Network (AH82), which connects Central Asian countries such as Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.
(Our editorial staff can be reached at firstname.lastname@example.org)
January 19, 2018
INTERFAX RUSSIA AND CIS BUSINESS AND FINANCIAL NEWS
January 18, 2018
By passing Donbas bill, Kyiv authorities show lack of interest in restoration of peace in the country - Ukrainian opposition
OSCE expecting success of Moscow-Kyiv talks on Russia's return to JCCC
Armenian FM holds talks with Azerbaijani counterpart, calls on Baku to observe truce agreements
LPR agreed on disengaging forces in Stanytsia Luhanska on Jan 21
Russia, U.S. to continue ISS cooperation at least until 2024 - Rogozin (Part 2)
New mechanism approved by UN SC needed to investigate incidents involving chemical weapons in Syria - Nebenzya
U.S. possible refusal from Russian space rocket engines, Soyuz seats not critical for Roscosmos' financial position - Rogozin
Moscow demands Washington hold accountable those involved in disseminating confidential information affecting Russian interests
Karabakh intermediaries put forth several creative proposals - Azerbaijani FM
Political subgroup discusses Ukrainian law on Donbas reintegration in Minsk - OSCE Special Envoy Sajdik
RUSSIAN FOREIGN MINISTRY URGES U.S. AUTHORITIES TO CURB SPREADING CONFIDENTIAL INFO CONCERNING RUSSIAN INTERESTS, HOLD RESPONSIBLE THOSE GUILTY, INCLUDING IN AMERICAN STATE ADMINISTRATION