// IP Marketing video - START// IP Marketing video - END

EIB ready to discuss North-South transport corridor funding tranche 3

EIB ready to discuss North-South transport corridor funding tranche 3

PanARMENIAN.Net - On August 8, Armenian Minister of Transport and Communications Gagik Beglaryan met with European Investment Bank (EIB) director of planning and settlement of operations Heinz Olbers.

Minister Beglaryan commended EIB for the cooperation, stressing the need for speeding up preparatory works for Armenia-related programs.

Issues related to the schedule of technical analyses and preparatory works were further discussed.

EIB expressed readiness to allocate USD 50 mln. to repair Vanadzor-Bagratashen 92 km highway (border with Georgia).

Mr. Olbers accepted Minister Beglaryan’s proposal on speed-up of Armenia-related programs, with EIB voicing readiness to discuss North-South transport corridor funding tranche 3.

 Top stories
He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
“We have a simple problem:we prepare 400-500 specialists each year, while there is demand for 2000 professionals," he said.
At Shirak airport in the northern Armenian town of Gyumri, traffic soared by 150% in the reporting period against 2016.
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
Partner news