YEREVAN, ARMENIA – The Asian Development Bank (ADB) said it has approved a $50 million loan to improve the transport efficiency and safety of the M6 Highway from Vanadzor in Armenia to the border with Georgia at Bagratashen, one of the most strategic roads for internal and external trade.

“Road transport plays an important role in the national economy of Armenia, which relies heavily on trade with neighboring countries like Georgia,” said Jiangbo Ning, principal transport specialist with ADB’s Central West Asia Regional Department. ”ADB supports the government’s priority to develop and increase the efficiency of the transport system as a prerequisite for economic growth, and for increased access to social and economic services.”

The M6 highway is a vital link connecting Armenia with Georgia and beyond, providing the shortest link between the respective capitals: Yerevan and Tbilisi. In 2014, the Bagratashen border crossing handled 0.85 million tons of import and export freight, representing almost half of the country’s total import freight tonnage and goods by road.

Categories: Banks @en, General news, News, News of the hour | Comments Off on ADB to help improve strategic road connection on Armenia -Georgia border

Tags: ADB, Armenia, Georgia, LOAN, road connection

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