ArmInfo. The Minister of Transport, Communications and Information Technologies Vahan Martirosyan expressed his hope at the meeting with the delegation of the European Investment Bank (EIB) that the interaction within the programs of road construction will be continued.
According to the press service of the Ministry of Transport, the interlocutors discussed the implementation of joint programs, in particular, issues related to the overhaul of the interstate 90-kilometer Vanadzor- Alaverdi-Georgia highway (M-6). The minister stressed the strategic importance for Armenia of the road linking the republic with Georgia. According to him, great work has already been done. "M-6 is built in accordance with the approved construction standards," Martirosyan said, stressing the importance of completing the construction in a short time.
The Armenian Ministry of Transport and representatives of the EIB also discussed the implementation of works on the section of Tallinn-Gyumri within the framework of the program for the construction of the North-South road corridor.
According to the previously ratified agreement, Armenia will receive a ? 102 million loan from the European Investment Bank to repair the road from Vanadzor to the border with Georgia. The program will be co-financed by the European Investment Bank and the Asian Development Bank. The purpose of the program is to restore the interstate M-6 highway, 90 km from Vanadzor to Bagratashen. The work on the restoration of the program is planned to be completed within 2-2.5 years. Within the program, it is planned to expand the roadbed, as well as make changes to some of its sections, increase the level of safety and fully modernize the tunnel system. About 60% of the freight traffic from Armenia falls to this section of the road.
Earlier it was reported that the European Investment Bank intends to invest about 212 million euros in Armenia. Moreover, only in the past three years the EIB has substantially increased the volume of investments in Armenia. The cooperation of the bank with Armenia is based on three priority areas - energy supply, development and support of infrastructures, support for SMEs.