Armenia to apply to Millennium Challenge Corporation for $1,6 million fundingMay 11, 2009 - 13:19 AMT PanARMENIAN.Net - Millennium Challenge Fund -Armenia NGO passed a draft application to Millennium Challenge Corporation for additional tranche provision, RA Government Press Service reported. Millennium Challenge Fund -Armenia CEO Ara Hovsepyan noted that the application for extra tranche contained a request for USD 1,6 million funding. According to Hovsepyan, means received will be allocated to rural roads reconstruction in accordance with 2008 Project. Reconstruction works were resumed in April 2009. 272,9 km of road will be repaired till June 30, 2010. AMD 1,9 million will be allocated to reconstruction works in April-May 2009. Upon receiving ratification by Millennium Challenge Fund -Armenia Administrative Board chairman, RA Prime Minister Tigran Sargsyan, the application will be submitted to millennium Challenge Corporation. 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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |