ArmInfo.The European Bank for Reconstruction and Development (EBRD) will provide Armenia with a grant of 4.6 million euros to continue the program for the restoration of roads and urban lighting in the Armenian city of Gyumri. At the October 10 meeting, the RA Government approved an agreement with the Bank for signing.
According to the Minister of Territorial Administration and Infrastructures of the Republic of Armenia Suren Papikyan, the funds will be distributed in tranches. So, in the framework of tranche-2, the republic will receive 2.6 million euros, and within the tranche-3 - 2 million euros. The funds will be used to modernize roads and city lighting, sewage disposal systems, as well as to develop a strategy for creating car parks. The Minister emphasized that the program has been implemented since 2016, and extensive work has been carried out during this period. By the end of the year, design and estimate documentation for the second and third tranches will be fully completed, which will increase the volume of work in 2020. RA Prime Minister Nikol Pashinyan also pointed out the importance of expanding the hotel chain, especially given the increase in tourist flow. According to him, there are investment proposals for the construction of new modern hotels, and the most serious attention should be paid to them. "I consider it important to maintain the momentum," said the head of government.
Recall that, as ArmInfo previously reported, the agreement on the implementation of the grant program was signed on May 11, 2016 in London.
According to the document, the EBRD will provide Armenia 14.6 million euros to improve the network of roads, night lighting systems and wastewater in Gyumri. As part of the first tranche of the program the republic has already received 2.56 million euros.