“Road Department” Fund
According to the No. 1298-A decision (August 6, 2021) of the Government of the Republic of Armenia, the "Road Department" state non-commercial organization (state registration number: 286.210.945286) was reorganized into the "Road Department" Fund.
“Road Department” SNCO was established by the Decree No 1304-A of the Government of the Republic of Armenia as of 15 December 2016 through reorganizing and merging of “Transport Projects Implementation Unit” State Institution and “North-South Road Corridor Investment Program Implementation Organization” State Non-Governmental Organization. The Organization is considered to be the legal successor of “Transport Projects Implementation Unit” State Institution and “North-South Road Corridor Investment Program Implementation Organization” State Non-Governmental Organization.
On December 26, 2019 the "Transport Project Implementation Organization" SNCO was renamed to "Road Department" SNCO by the RA Government Decree (N 1969–A).
The main scope and goals of the Fund are to ensure effective implementation of projects in transport sphere of the Republic of Armenia.
The principal spheres of the Fund’s activities shall be projects and activities designed by financial means provided by the foreign states and international donor organizations to the Republic of Armenia (hereinafter: the Project) on transport-related field capital and development programs (State Budget of the Republic of Armenia), approved by the Government of the Republic of Armenia and developed by the Ministry of Territorial Administration and Infastructure of the Republic of Armenia.
Executive Director of the Fund is Gor Avetisyan.
Строительные работы планируется завершить к концу этого года.Read more