 EU, World Bank will invest €700 million in Armenia January 17, 2019 - 14:40 AMT PanARMENIAN.Net - The European Union and the World Bank will allocate €700 million to Armenia. In a bid to boost connectivity and economic growth in the Eastern Partnership (EaP) countries, the European Commission and the World Bank have co-authored a Trans-European Transport Network (TEN-T) Investment Action Plan that identifies priority projects in Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. Together, the projects will require an estimated investment of almost €13 billion and foresee a total of 4800 kilometres of road and rail, six ports, and 11 logistics centres. According to RFE/RL Armenian Service, the majority of the projects set to be implemented in Armenia are connected with the North-South Road Corridor. A document published by the EU on Wednesday, January 16 reveals that €450 will be spent on the construction of a road section connecting the Armenian towns of Artashat and Agarak (346km in total). Furthermore, €15 million will be allotted to the modernization of Meghri border checkpoint in the country’s south.   Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says.   Partner news |  Latest news European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed.Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham). |
