ArmInfo. The Asian Development Bank (ADB) is a reliable and stable partner for the Armenian government. Minister of Territorial Administration and Development of Armenia Suren Papikyan stated yesterday, when he received the ADB delegation led by the Director of the ADB Central and West Asia Department Werner Liepach.
According to the press service of the department, Paolo Spantigati, the newly appointed head of the ADB Yerevan office, also took part in the meeting.
During the meeting, the parties discussed a broad agenda of multilateral cooperation between the Government of Armenia and the Bank. The Minister congratulated Paolo Spantigati on the beginning of his mission, assuring that the Armenian side is ready to continue cooperation with the Bank in various areas. Suren Papikyan stressed that Armenia is expanding and deepening cooperation with ADB. "This is especially important now, because the executive branch has set itself a serious task to raising the infrastructure to a qualitatively new level, which is reflected in the five-year development program, "the minister said. Referring to a number of joint projects aimed at improving seismic safety and road infrastructure, the minister emphasized that successful experience in their implementation can serve as the basis for identifying areas of cooperation in the field of energy and natural resources management.
Suren Papikyan drew the attention of the interlocutors to meeting the deadlines, established in the program for improving seismic safety in schools, as well as on road construction programs, stating that RA government has invested huge funds over the past year to road infrastructure, not only through loans, but also from public funds. Only within the framework of budget financing, it is planned to modernize 500 km of roads. In turn, Werner Liepach confirmed the Bank's readiness to assist in the implementation of comprehensive infrastructure development programs in Armenia. Noting the successful results achieved in these areas, Werner Liepach noted that a new strategy for cooperation with Armenia has already been approved, which indicates how ADB will participate in the implementation of these programs over the next five years. Werner Liepach also emphasized the importance of problem solving in several road construction projects and emphasized that ADB is also interested in ensuring the continuity and successful completion of these projects. "We are ready to continue the program, together overcoming all difficulties," he said. The parties also discussed issues related to the further development of investment programs for the development of small cities, the proportional development of territories and the expansion of public-private partnerships. Armenia joined ADB in 2005 and is part of a group of countries with mixed (concessional and conventional) financing. ADB works to reduce poverty in the Asia-Pacific region by stimulating economic growth and regional integration. In the field of transport, ADB continues to assist Armenia in the construction of the North-South transport corridor, as well as in strengthening transport links between cities with high poverty levels. According to statistics on the bank's website, at the end of 2017, ADB implemented 52 projects in Armenia for a total of $ 1.32 billion, of which $ 635 million was allocated for the development of transport infrastructure, $ 172 million for urban infrastructure and water supply, $ 152 million for finance, $ 142 million in energy, $ 140 million in administrative management.