World Bank releases 13.4 million euros for road repairs in Armenia

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YEREVAN, July 4. /ARKA/. The government of Armenia has received 13.4 million euros from the World Bank for the renovation of 65 kilometers of roads in Aragatsotn, Ararat, Gegharkunik, Lori and Syunik regions, the press service of the Ministry of Territorial Administration and Infrastructure reported.

It said Minister Suren Papikyan had a meeting today with a World Bank group of transport experts.

Papikyan was said to highly appreciate the long-term and effective cooperation between Armenia and the World Bank, emphasizing the interest of the Armenian side in the dynamic development of relations with the bank and shifting them to a new level.

The Minister noted that a program designed to improve Armenia’s vital roads jointly with the World Bank is creating important prerequisites for the economic development of Armenia and the modernization of infrastructures.

WB transport expert Nargiz Riskulova reported that the allocation of 13.5 million was approved by the WB Board of Directors in May. In the first stage of the program some 170 km roads were repaired. Moreover, thanks savings, additional 41.1 km roads were repaired. A total of 360 km long roads are to be repaired in the first and second stages of the program.

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