ArmInfo.The Ministry of Territorial Administration and Infrastructure of the Republic of Armenia announced the second additional financing within the framework of the World Bank-funded project to improve the M11 highway network.
According to the press service of the department, the road with a length of 14.5 km passes through the communities of Tsovak, Lchavan, Makenis and Ahpradzor. Tender companies must have the appropriate experience and resources to carry out construction work, which is described in detail in the tender documentation.
Interested eligible bidders may download the full tender document as well as other details of the tender offer at www.gnumner.am or www. armeps.am.
The deadline for applications is May 7. Earlier, ArmInfo reported that the World Bank will provide Armenia with additional financing in the form of a loan of ? 13.4 million under the program "Improving Vital Roads". About 65 km of vital importance roads will be repaired with these funds in the Aragatsotn, Ararat, Gegharkunik, Lori and Syunik regions. The loan is provided on a variable spread basis, with a grace period of 14.5 years with a total repayment term of 25.5 years. The total cost of the program is estimated at 16.76 million euros, of which financing of 3.35 million euros will be provided with the participation of the government. According to the first stage of the program for improving the vital road network, a vital road with a total length of 170 km was restored. Moreover, due to the saved funds of the program, it was possible to restore more than envisaged - roads with a total length of 41.1 km. As part of the second phase of the financing program, it is planned to restore vital areas with a total length of 360 km (including 170 of the main program).
According to the World Bank, despite significant improvements in the road network over the past 10 years, 40% of Armenia's roads still remain in poor condition and for one third of the rural population the road is not accessible at all times of the year. The country still needs significant investment in restoration and conservation. Limited market connections and poor road conditions impede the development of trade in rural areas, which in the case of some communities can result in significant losses. Additional funding will also help Armenia improve road safety and assess the real cost of road accidents for people and the economy.
On March 28 last year, the Board of Executive Directors of the WB Group approved the program "Partnership Framework with Armenia" for 2019-2023. worth about $ 500 million Being a member of the World Bank since 1992 and since 1993, the International Development Association (IDA), the total value of the allocated funds of Armenia amounted to about $ 2,379,734 million.
