  Armenia kicks off North-South corridor highway construction  September 13, 2012 - 14:25 AMTPanARMENIAN.Net - Armenia has kicked off construction of the North-South corridor highway at Yerevan-Ararat sector, with Transport and Communications Minister Gagik Belgaryan, North-South Road Corridor Investment Program SNCO Executive Director Ara Hovsepyan and president of Spanish Isolux Corsan company Francisco Garcia attending the ceremony. This corridor highway will help Armenia strengthen its role as a transit country, as the North-South will join the “southern gate” of Meghri with Georgia’s Black Sea ports, Mr. Hovsepyan commented. The project is estimated at $962 million, of which $500 will be allocated by the Asian Development Bank.  Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
