EU to Allocate Armenia 732 Million Euros for Transport Projects
The reconstruction of the Artashat-Agarak highway, as part of the North-South project, is one of the priority projects for EU funding in Armenia, the EU said in a statement on investment action plan.
The EU intends to allocate 450 million euros. In general, investments of all projects scheduled in Armenia will amount to 732 million euros.
The Yerevan-Vanadzor road (7.5 million euros), the reconstruction of the Gyumri-Bavra point on the Armenian-Georgian border (41 million euros) will also be renovated until 2030, as well as the construction of Meghri border crossing point (15 million euros).