Armenia’s foreign debt to increase by $180 million – newspaper
June 07, 2014 | 08:34
YEREVAN. – The National Assembly Standing Committee on Foreign
Relations endorsed two loan agreements which, in all likelihood, will
be ratified by the Armenian parliament, 168 Zham daily reported.
“As a result of them, Armenia’s foreign debt will increase by another
180 million dollars, or more precisely, by 100 million dollars and 60
million euros.
“The first loan agreement was signed between Armenia and the European
Investment Bank. With this contract, the bank will provide a loan of
60 million euros to fund Armenia’s ‘North-South’ road corridor,
wherewith the corridor’s Maralik-Gyumri section shall be built.
“And with the loan agreement signed between Armenia and the Asian
Development Bank [ADB], ADB will allocate 100 million dollars, whereby
the section from Talin [city] to Maralik [city] section shall be
built, and several project-calculation works, consulting, and audit
will be conducted,” 168 Zham wrote.
News from Armenia – NEWS.am
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