Gagik Beglaryan: Construction of North-South Road Corridor has great economic and national importance for Armenia

YEREVAN, SEPTEMBER 13, ARMENPRESS: On September 13 the construction works of the “North-South Road Corridor” program were officially launched in the beginning of the construction of the Yerevan-Ararat road.As reported by Armenpress, the Minister of Transport and Communications of the Republic of Armenia Gagik Beglaryan stated that after the road is built, drivers will get to their destinations ten times faster.

“This program is one of the biggest programs of the independent Republic of Armenia, which has great economic and national importance for our country”, - said the Minister. According to him, by the end of the year of 2012 serious works will be carried out in the roads Yerevan-Ashtarak and Yerevan-Artashat. The Minister informed that due to the abovementioned program more than a thousand working places will be opened. “Upon the implementation of the program our southern regions will get connected to the sea and we will have an international-level road, connecting Iran to the Central Europe”, - said Beglaryan.

On September 15 2009 an agreement was signed between the Republic of Armenia and the Asian Development Bank (ADB) for the implementation of the program, which intends a financing of 962 million USD, 500 million of which will be covered by the ADB.

The Government of the Republic of Armenia studies as well the program of the land alienation and settlement of the Ashtarak-Talin sector of the “North-South Road” program. By 2016 we will have an international-level concrete high-speed highway in the Artashat-Yerevan-Gyumri sector.

The construction works will be carried out by the Spanish «Izolux Corsan» company. The architectural and technical features of the program will be provided by the French «Safege» company.