ADB Grants $250 Million to Armenia to Upgrade its North-South Corridor

YEREVAN – The project will be undertaken in three phases. Phase I involves improvements on 38km stretch of road between Yerevan and Ararat. The road segment will be upgraded to a four-lane highway, which will feature barriers, road lightning and pedestrian areas.

Phase II involves reconstruction of a 12km stretch of road between Yerevan and Ashtarak. Work in this segment involves improvement to the drainage, rebuilding of bridges and resurfacing of the road with concrete. Both the phases I and II will together cost $70.4 million.

Phase III involves widening and reconstruction of a 42km stretch of road between Ashtarak and Talin. The final phase is expected to cost $179.6 million.

The project forms part of the North-South Road Corridor Investment Program, which is likely to improve the Agarak-Kapan-Yerevam-Bavra road, which runs south to north in Armenia.

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