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YEREVAN, JANUARY 14, ARMENPRESS: At this year’s first session the Armenian government approved the investment program on North-South Road Corridor. Presenting it Armenian Economy Minister Nerses Yeritsyan reminded that the program is funded by Asian Development Bank, which will provide a loan of 500 million USD. Sixty million USD with privileged conditions will be extended in the first round. Yerevan-Gyumri, Yerevan-Ashtarak and Yerevan-Ararat road sections will be constructed in the first round of this program which is to be implemented 2010-2017, and Sisian-Kapan road section – in the second round. The minister said that a work of 120 million USD is intended to carry out this year, within the frameworks of which a road of 250 km will be constructed. The part of the mentioned money will be provided by the first tranche and the next part will be the part of the second tranche. N. Yeritsyan said that there are social, natural protection and financial grounds in regard to the program. The goal is to have a road corresponding to all the contemporary requirements, which will be a transit route.