Thursday, September 29 2022 11:36
Alina Hovhannisyan

Yerevan Municipality, Asian Development Bank discuss new areas of  cooperation

Yerevan Municipality, Asian Development Bank discuss new areas of  cooperation

ArmInfo. The Yerevan Municipality and the Asian Development Bank (ADB) are discussing new areas of cooperation.

According to an official report, at their meeting Yerevan Mayor  Hrachya Sargsyan and ADB Resident Representative in Armenia, Mr.  Paolo Spantigati discussed the possibility of construction of gas  filling stations and a bus washing station at the bus depot in  Yerevan's Jrvezh district, as well as asphalt laying in the open-air  bus terminal. 

The Yerevan Municipality is also considering the construction of a  new bus depot and of an alternative highway to the airport. 

In his turn, Mr Paolo Spantigati pointed out the ADB's willingness to  be Armenia's partner and support new municipal improvements  programmes in Yerevan.

The ADB has been cooperating with Armenia since 2005. By this March,  the bank had provided loans, grants and technical assistance to the  country worth a total of $1.6bln. The funds were directed to the  development of the country's transport, financial, energy and water  supply infrastructures.