EBRD to loan $255mn for construction of key road project in Armenia ...United Arab Emirates

A US $255mn loan has been approved by the European Bank for Reconstruction and Development (EBRD) for the construction of the southern section of Armenia’s Sisian-Kajaran road. The funding will enable the Government of Armenia to construct 24km of a new southern road section between Sisian and Kajaran, forming part of the North-South Road Corridor. The project is said to be the largest road infrastructure project ever financed by the EBRD in Armenia. The loan agreement was signed by Armenia’s Minister of Finance, Vahe Hovhannisyan, and EBRD Managing Director of Sustainable Infrastructure Group, Nandita Parshad, during the EBRD Annual Meeting and Business Forum in Yerevan. The project receiv

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