Armenia counting on $20 mln World Bank roads loan

30.04.2004 07:55:00 GMT
Armenia counting on $20 mln World Bank roads loan

Yerevan. April 29 (Interfax) – The government of Armenia is engaged in loan
talks with the World Bank for $20 million for revitalizing local roadways,
First Deputy Transport and Communications Minster Grand Beglaryan announced
at a Thursday briefing.

The government has already applied to the World Bank and the amount of work
ahead is being figured out. It will take around $300 million to revitalize
all the country’s local road networks.