EBRD funds largest road infrastructure project in Armenia ...Middle East

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EBRD funds largest road infrastructure project in Armenia
source : NY Times News ( Middle East ) () 32
The European Bank for Reconstruction and Development (EBRD) is providing a €236 million loan to Armenia for the construction of the southern section of the Sisian-Kajaran road.  The loan agreement was signed by Armenia’s Minister of Finance, Vahe Hovhannisyan (right), and EBRD Managing Director of Sustainable Infrastructure Group, Nandita Parshad (left), during the EBRD Annual Meeting and Business Forum in Yerevan (Photo: EBRD) This marks the largest road infrastructure project ever financed by the EBRD in Armenia. The project received technical cooperation funding from the European Union (EU) to conduct the feasibility study and environmental and social impact assessment. The loan agr

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