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Interfax.com  |  Interfax news  |  EDB could issue $100 mln loan to Armenia in 2014...


News headlines


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.

Kh ak

(Our editorial staff can be reached at eng.editors@interfax.ru)

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September 24, 2016
 
22:10
Naryshkin says he will keep United Russia membership
 
21:44
Naryshkin to continue as chairman of Russian Historical Society
 
21:11
 
19:46
Prospects for Russian oil output reduction sooner depends on prices, tax conditions - Dvorkovich
 
18:28
All-Russia Fans Association's exclusion from RFU not linked with Shprygin's detention - Mutko (Part 2)
 
17:44
Russian economic recovery may start within next few months - Dvorkovich
 
15:54
Lavrov doubts U.S.-led coalition's strike on Syrian army near Deir ez-Zor was mistake (Part 2)
 
15:51
Revival of Syria truce possible only on collective basis, when wish to separate opposition from terrorists will be proved to Russia - Lavrov (Part 2)
 
15:46
U.S. apologized to al-Assad for strike near Deir ez-Zor at talks with Russia - Lavrov (Part 2)
 
15:39
Mutko says his future as Russian sports minister depends on country's president and premier
 
15:31
First necessary to determine type of shells hitting Aleppo aid convoy in order to identify those behind attack - Lavrov (Part 2)
 
15:24
LPR's ex-premier Tsypkalov commits suicide - Prosecutor's Office
 
15:05
United Russia nominates Zhukov, Vasilyev, Neverov, Yarovaya and Tolstoi for State Duma deputy speakers
 
14:51
 
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