ArmInfo. The Minister of Transport, Communications and Information Technologies of Armenia Vahan Martirosyan received representatives of the Asian Development Bank (ADB), headed by the program manager Thomas Hertz. According to the press service of the Ministry of Transport of Armenia, the parties discussed the road-building programs implemented in cooperation with the bank, in particular, issues related to the overhaul of the interstate 90-kilometer Vanadzor-Alaverdi- Georgia (M-6) highway and the implementation of the investment program for the construction of road Corridor "North-South".
During the meeting, the interlocutors touched upon the tasks and challenges related to the current programs, questions were discussed regarding options for their solution, strict preservation of quality and timing.Thomas Hertz expressed readiness to continue bilateral cooperation, noting that they are also interested in helping to implement programs and implement effective control over projects. The Asian Development Bank was founded in 1996. Nowadays 67 states are members of the ADB, 48 of them are regional members, and 19 are not regional ones. Armenia has been among the regional members of the ADB since 2005.
To note, M-6 interstate road three sectors (Vanadzor- Alaverdi-Georgian Border) rehabilitation and reconstruction bidding procedure was announced in Armenia on January 14 2017. The project is implemented at the assets of the loan of Asian Development Bank, the amount allocated forms USD 50 mln. The assets mentioned will be allocated for the modernization of three sectors of M-6 interstate road. The tender is open for all the companies of ADB member countries, which do have appropriate performance history and facilities. Bids could be submitted both for one and several lots.
To note, the project is co-funded by the European Investment Bank and Asian Development Bank. The relevant loan agreement was signed on November 9. An amount equivalent to $50 mln - 44,037,000 EUR will be provided for 22 years, with a 15-year grace period. The European Investment Bank has already lent 51 mln EUR. Under the agreement ratified earlier, Armenia will receive a 102 mln EUR loan for rehabilitation of the Vanadzor-Georgian border road. To note, under ADB's country partnership strategy, 2014-2018, Armenia will receive about $500 million financial assistance to develop infrastructures, energy and social services that will ensure flexible, comprehensive and sustainable development of the country. In the transport sector, ADB will continue to support improving the north-south road corridor, and promoting transport links between and within secondary towns, especially those with the highest poverty rates. To promote regional cooperation and integration, ADB will coordinate with Georgia to help improve roads linking Armenia and Georgia. ADB will support urban development in towns with the highest poverty rates by helping local governments prepare integrated urban development plans, and financing modernization of infrastructures, including in water supply, urban roads, and solid waste management. Armenia's aging electricity infrastructure and heavy dependence on imported fuels affect its energy security. ADB will help addressing this issue by supporting the development of renewable energy resources and helping to rehabilitate and upgrade energy infrastructure.