MAXIMUM SPEED AT ARMENIA’S NORTH-SOUTH HIGHWAY WILL BE 100 KM/H

news.am
April 27, 2012 | 16:38

YEREVAN. – The North-South Highway Corridor will be Armenia’s first
concrete motorway, with a 550 km stretch. Armenia’s Transport and
Communication Minister Manuk Vardanyan stated this, at a press
conference on Friday, during a briefing after the signing of the
Highway’s construction contract with Chairman Francisco Jose García
Martín of the Spanish Corsan-Corviam Construccion S.A. Company.

The Highway will stretch from the Armenian-Iranian border to the
Armenian-Georgian boundary.

As Armenian News-NEWS.am informed earlier, Corsan-Corviam Construccion
S.A. Company won the tender for construction of the three sections of
the North-South Highway Corridor in Armenia. The Armenian Government
authorized on Thursday the Transport and Communication Minister to
conclude a contract with the Company. The contract amounts to US$ 250
million, and the project is financed by the Asian Development Bank
(ADB). According to PM Tigran Sargsyan, the overall investments for
the project amount to $1.5 billion.

In his turn, Francisco García Martín told news reporters that they
consider the project in Armenia to be very important and a serious
challenge.

According to Ara Hovsepyan, Executive Director of the North-South
Highway Corridor, an average of $2.7 million is envisioned for
the upgrading or expansion of each kilometer of the Highway. Also,
underpasses will be built for the safe crossing of livestock.

The constructions will start in 2-3 weeks.