Thursday, September 10 2020 14:24

ArmInfo.The winners of the tenders for the modernization of the M-6 interstate highway (Vanadzor-Alaverdi-Georgian border) will receive an advance payment.  The decision was made on September 10 at the meeting of the RA  government.

As noted in the reference - the rationale for the draft decision, the  tenders were held as part of the implementation of the road safety  improvement program funded by the European Investment Bank,  agreements with which were signed on November 27 and December 4,  2019. It is also envisaged to hold 2 more tenders in the third and  fourth quarters of this year. Within the framework of the agreement,  the EIB, in addition to a loan, will also provide Armenia with a  grant for the improvement of a number of dangerous sections of the  road. On February 19, 2020, the Road Department SNCO held tenders for  three lots, each of which includes works on the improvement of three  emergency sections. According to the results of the competitive  procedures, agreements were signed with their winners. In particular,  with "Arhovshin" LLC for the amount of 121 million drams, with  "Araratchanshin" LLC for the amount of 265 million drams and with  "Arhovshin" LLC for the amount of 145 million drams. In addition, in  the third and fourth quarters of this year, it is planned to hold 2  more tenders, three lots each. The estimated cost of construction  work to be carried out within the framework of the first tender will  be 302 million drams, the second - 1.120 billion drams.

To ensure the customer's prepayment obligations, 661 million drams  are required, which will be allocated from the Government's Reserve  Fund. At the same time, it is envisaged to redistribute in the part  of co- financing of the Republic of Armenia the program for the  construction of the North-South road corridor, implemented with the  support of the Asian Development Bank.

Earlier, ArmMnfo reported about attracting a $ 50 million loan from  ADB to modernize a part of the M-6 road (Vanadzor - Alaverdi -  Georgian border) with a length of almost 51.5 km. The implementation  of the program will help resolve the issue of employment, improve the  social situation, and provide assistance to agriculture and tourism.  According to the previously ratified agreement, for the  implementation of the project, Armenia will receive a loan in the  amount of 102 million euros from the European Investment Bank. The  program will be co-financed by the European Investment Bank and the  Asian Development Bank. The goal of the program is to restore the 90  km long M-6 interstate highway from Vanadzor to Bagratashen. The  restoration of the program is planned to be completed within 2-2.5  years. As part of the program, it is planned to expand the roadway,  as well as make changes to some of its sections, improve safety and  completely modernize the tunnel systems. This section of the road  accounts for about 60% of the intensity of cargo transportation from  Armenia.