ADB to lend $60 million for construction of bypass roads in Yerevan

20.05.2011 13:58
ADB to lend $60 million for construction of bypass roads in Yerevan

YEREVAN, May 20. /ARKA/. Yerevan Mayor Karen Karapetyan and Matthew Westfall, Head of Asian Development Bank (ADB) Central and Western Department's Urban Services Division, signed a credit agreement on Thursday, the Yerevan municipality’s press office reports.

Under this agreement, the ADB will lend $60 million for construction of bypass roads in Yerevan.

Some 5.6 kilometers of roads, three overpasses will be built within three years. A 140-kilometer bridge will be thrown across Hrazdan River as well.

The construction of bypasses will relieve the central part of the city from traffic flows and will set a direct link with southern areas.

Asian Development Bank was established in 1966. Its members are 67 countries. Armenia joined the ADB on September 20, 2005.

The Armenian government has signed a number of agreements and one memorandum with the bank. The total cost of the projects being implemented in Armenia is $83 million. ($1= AMD 374.62). -0-

YEREVAN, May 20. /ARKA/. Yerevan Mayor Karen Karapetyan and Matthew Westfall, Head of Asian Development Bank (ADB) Central and Western
Department's Urban Services Division, signed a credit agreement on Thursday, the Yerevan municipality’s press office reports.

Under this agreement, the ADB will lend $60 million for construction of bypass roads in Yerevan.

Some 5.6 kilometers of roads, three overpasses will be built within three years. A 140-kilometer bridge will be thrown across Hrazdan River as well.

The construction of bypasses will relieve the central part of the city from traffic flows and will set a direct link with southern areas.

Asian Development Bank was established in 1966. Its members are 67 countries.

Armenia joined the ADB on September 20, 2005.

The Armenian government has signed a number of agreements and one memorandum with the bank.

The total cost of the projects being implemented in Armenia is $83 million. ($1= AMD 374.62). -0-


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