ArmInfo. On December 7, the Government of Armenia approved the proposal to sign letter No. 1 on amending the grant agreement "North-South Road Corridor" dated November 18, 2016 between the Republic of Armenia and the European Investment Bank (EIB). On December 7, the Government of Armenia approved the proposal to sign letter No. 1 on amending amendments to the grant agreement "North-South Road Corridor" dated November 18, 2016 between the RA and EIB.
Based on a grant agreement between the Republic of Armenia (RA) and the European Investment Bank (EIB) (investment grant in the amount of 6 million euros and technical assistance in the amount of 6 million euros), signed on November 18, 2016 in Within the framework of the EU Neighborhood Investment Instrument, as well as the financial agreement of the same name dated November 7 and November 18, 2013 between Armenia and the EIB (EUR 60 million), work is being carried out to reconstruct the 27.47 km section of the Lanjik-Gyumri road as part of the 3rd tranche of the investment program.
The project is part of an overall programme aimed at improving and upgrading the North-South Road Corridor (NSRC) in Armenia. The NSRC runs 556 km from the border with Georgia at Bavra via Gyumri, Ashtarak, Yerevan, Goris, and Kapan, to the border with Iran at Meghri. It is 2-lane throughout, with the exception of an 18km length on the M-1 (Yerevan-Ashtarak) and the M-2 (Yerevan-Ararat section), which are dual 2-lane. In winter, snow disruption can occur at any time over the route, and conditions are particularly severe in Shirak, north and south of Gyumri, where temperatures can drop below -30ø. The project scope includes the sections north of Yerevan towards the Georgian border.
