The Cabinet approved the loan agreement signed with the Asian Development Bank (ADB) to support the construction of a road section in the Syunik region. The Cabinet meeting that the ADB will make a €236 million co-financing of the project.The loan agreement pertains to the reconstruction of the northern sub-section of the Sisian-Kajaran road of the North-South road corridor.

 

The Sisian-Kajaran road section has been divided into three sub-sections: Northern, the Bargushat Tunnel and Southern. The loan agreement pertains to the northern sub-section, the total cost of which is 335 million euros. A 27,1km long three-lane road, including tunnels and bridges, will be constructed to improve safety and reduce travel time by up to 90 minutes over the entire Sisian-Kajaran Road.