Armenia to receive EUR 236 million loan from ADB for construction of   northern section of Sisian- Kajaran road

ArmInfo.Armenia will receive a EUR 236 million loan from the Asian Development Bank (ADB) under the  Sustainable and Inclusive Road Sector Improvement Project for the construction of the 27.12 km northern section of the Sisian-Kajaran road. The relevant loan agreement received a positive conclusion from the parliamentary committee on financial and credit issues on June 13 and was included in the agenda of the NA plenary session.

Deputy Minister of Territorial Administration and Infrastructure of  the Republic of Armenia Kristine Ghalechyan, presented the document  and noted that the northern section is planned to be implemented with  co-financing from the ADB and the European Investment Bank (EIB). The  co-financing from the EIB will amount to 99 million euros. The  project will also be co-financed by the Republic of Armenia.