Asian Development Bank to fund municipal transport infrastructure development programJune 17, 2009 - 21:51 AMT PanARMENIAN.Net - A trilateral memorandum between Asian Development Bank representative, Mayor of Yerevan and RA Economy Minister was signed today in Yerevan Mayor's Office, municipality press service reports.Under the agreement signed, Yerevan will start implementation of a program aimed at developing municipal transport infrastructure. Asian Development Bank will allocate credits for project implementation. Priority elements within program frameworks include enhancing Yerevan's public transportation network and ensuring road security. Besides, at each stage of the program, directors' board will provide financial and technical assistance. The Mayor's office will do its best to achieve project implementation within shortest time-limits, Mayor Gagik Beglaryan said. In his turn, Arno Dofin, Head of group in Asian Development Bank, attached importance to cooperation with Yerevan Municipality, noting that joint work would help bring the program to life. According to the release, the program covers such priority trends as constructing road junctions between Artashat and Ashtarak highways, building a new entrance for Yeritasardakan (youth) underground station from Sayat Nova Avenue and studying strategies for further development of underground network. 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 | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |