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EBRD to provide €4.65 million grant to Armenia for reconstruction of roads in Gyumri

10.10.2019 14:59

EBRD to provide €4.65 million grant to Armenia for reconstruction of roads in Gyumri

YEREVAN, October 10. /ARKA/. The Armenian government approved Thursday the signing of the grant agreement between Armenia, the Gyumri municipality, and the European Bank for Reconstruction and Development for reconstruction and repair of roads in Gyumri.

Suren Papikyan, Armenian ministry of territorial administration, under the Armenia-EBRD loan agreement signed on May 11, 2016, the bank will provide a €4.65 million grant to Armenia in two tranches (€2.65 million and €2 million) as co-financing of the program.

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Tags: Armenia, EBRD, grant, Gyumri, reconstruction, ROADS

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