EXPENSES IN TRANSPORT SPHERE TO BE REDUCED BY 12% IN 2010
PanARMENIAN.Net
11.11.2009 14:55 GMT+04:00
/PanARMENIAN.Net/ Under 2010 State Budget, expenditures in transport a
will make up AMD 34 billion instead of the AMD 38.8 billion envisaged
for 2009. This is a 12% decrease in comparison with current year,
Transport and Communication Minister Gurgen Sargsyan told a press
conference in Yerevan.
Next year’s budget mainly envisages reconstruction highways of state
importance. Allocations to be made for that purpose will comprise AMD 2
billion. The sum will be spent on repairing and building roads with a
total area of 63 km., as well as reconstructing transport facilities,
particularly 8 bridges. "ADB-funded road reconstruction program will
continue in 2010. As a result, we’ll put in commission reconstructed
rural roads with a total area 118-120km. Expenditures will make up
AMD 4 billion," Minister said.
At that he noted that the second, World Bank-funded road reconstruction
program costing AMD 18.8 billion will be launched in 2010 for repairing
roads with a total area of 100 km.
Minister also informed participants about another key program aimed
at construction of south-north corridor. Budgetary allocations for
this program will comprise $60 million.
In addition, Minister said that $70 million rural road reconstruction
program is currently being negotiated with a Chinese company.
"Negotiations will be followed by signing of agreement, and very
probably, this program too, will be launched in 2010," Sargsyan said.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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