Wednesday, July 3 2019 14:40

ArmInfo.On July 3, Minister of Territorial Administration and Infrastructures Suren Papikyan received a delegation of World Bank (WB) professional group on  transport.

According to the press service of the Ministry, during the meeting,  WB Transport SpecialistNargis Ryskulova  recalled that in May of this  year the Bank's Board of Directors approved the second, additional  funding for the vital road network improvement program in the amount  of EUR 13.4 million.  These funds will repair road life lines of  approximately 65 km in Aragatsotn, Ararat, Gegharkunik, Lori and  Syunik regions.

It should be noted that in the first stage of the Lifeline Road  Network Improvement Project (LRNIP). a Lifeline Road with a total  length of 170 km was restored. Moreover, due to the savings of the  project, it was possible to restore more than it was supposed to -  the road with a total length of 41.1 km.  Within the framework of the  second stage of the financing project, it is planned to restore  Lifline sections with a total length of 360 km (including 170 km of  the main project).

Earlier ArmInfo reported, the World Bank will provide Armenia with  additional financing in the form of a loan of 13.4 million euros in  the framework of the Lifeline Road Network Improvement Project  (LRNIP). At the May 2 meeting, the RA government approved the draft  agreement with the WB structure - the International Bank for  Reconstruction and Development for signing.  On March 28 of this year  the World Bank Group (WBG) Board of Executive Directors endorsed  Armenia - Country Partnership Framework program for 2019-2023 in the  amount of about $ 500 million.  

In 2019, Armenia will  send about 20 billion drams (about $ 41  million) to repair roads of  interstate and republican importance;  with a length of 312 km, not  counting construction in the framework  of the North-South investment  program and the M6 Vanadzor to Georgia  border. As Armenian Minister of Transport, Communications and IT  Hakob Arshakyan stated on April  17 at a press conference, in 2019 an  unprecedented amount of medium and capital  repairs, as well as work  to fill the pits on the roads over the last  5 years, is planned.   Nevertheless, to say that the republic in the near future will solve   all the problems in the field of road construction, is not necessary.   According to Hakob Arshakyan, according to the analysis of the Asian   Development Bank (ADB) from 2015, in order to maintain the normal   condition of the entire road network and bring it to the proper   level, Armenia needs over 20 billion drams annually.