Wednesday, January 20 2021 14:31
Alexandr Avanesov

Issues related to construction of the North-South transport corridor  road section were discussed 

Issues related to construction of the North-South transport corridor  road section were discussed 

ArmInfo. On January 19, RA Minister of Territorial Administration and Infrastructures Suren Papikyan held a video meeting with Pan Jinre, Deputy General Director  of the Chinese company Sinohydro Corporation, which is a contractor  for the construction of a road section from Talin to Gyumri within  the framework of the third tranche of the North-South transport  corridor construction project.

According to the press service of the RA Ministry of Territorial Administration and Infrastructures, during the meeting the parties discussed issues related to the construction of a 46.2 km section of the road from Talin to Gyumri. 

Suren Papikyan stressed the need to accelerate construction work and  carry it out at a high-quality level. Speaking about the importance  of the consolidation of human and technical resources, the minister  noted that the obstacles caused by the epidemic are surmountable, and  the necessary working conditions have been created for Chinese  builders. The interlocutors also touched upon technical and financial  issues arising during the implementation of the program, expressed  their readiness to solve them by joint efforts in a constructive  atmosphere. Recall that Chinese builders have previously suspended  their participation in the project due to the COVID-19 pandemic.  The  Armenian government had some complaints about the quality of the road  built by Chinese contractors. As of December 2019, a section of 31 km  was built and modernized, for which $ 70 million was spent. The rest  of the amount was used to carry out earthworks at the Ashtarak-Talin  and Talin-Gyumri sections. Also, work was carried out on the  concreting of the road 11 km.  Recall that the construction of the  entire 556-kilometer North-South highway, which will stretch from  Bavra to Meghri, is estimated at more than $ 2 billion.  The  construction of the corridor was originally planned to be completed  in 2019, but now the deadline has been postponed by another 7-10  years.  Under the North-South program, the Armenian government has  calculated preliminary savings of $ 2.5 per hour for each passenger  and $ 1 per hour for transporting a ton of cargo. As expected by the  Armenian authorities, the program will allow the country in the  future to mitigate the consequences of the blockade by Azerbaijan and  Turkey, play the role of a transit state in the cargo transportation  of the countries of the region, and also join the Black Sea ring  highway. 


News


Exchange rates
04.02.2021
RUB6.900.06
USD520.600.45
EUR623.94-1.64
GBP707.08-2.66
CAD406.50-0.18
JPY49.47-0.04
CNY80.580.15
CHF576.97-1.87



Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000