Construction of the North-South Road Corridor in Armenia (2014)
On 2 July 2014 the ACF Council decided to provide an investment loan to Armenia to finance the Construction of the North-South Road Corridor (Phase IV) in the amount of US$ 150 million.
On 26 June 2013 the ACF Council approved the preliminary request and Concept Note for the investment project in Armenia the Construction of the North-South Road Transport Corridor (Phase 4) in the amount of US$ 100 million.
The project involves rehabilitation of a section of the transport corridor as part of the investment project Construction of North-South Road Corridor.
The “North-South” Road Corridor links Central Asia and India with Iran, Georgia, Russian Federation and Europe. The corridor passes across Armenia from South to North (Meghri-Kapan-Goris-Yerevan-Ashtarak-Gumri-Bavra), links up with the Georgian road leading to seaports Poti and Batumi (Black Sea) and on toward Russia, CIS and EU. The “North-South” road is part of the transnational motorway AH 82 interlinking such Central Asian countries as Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.
As a result of the proposed comprehensive development project, the road route Europe-Caucasus-Asia will be improved in the zone of junction between West Europe and Eastern Europe. The quickest shortcut route of the corridor, 449 km in length, in its final stretch on the territory of Georgia runs along the road Akhaltsykhe-Batumi, which is currently in need of rehabilitation.
Expected Project implementation outcomes:
- Increase in throughput capacity and road safety in RA
- Conditions for smooth movement of trucks and passenger cars
- Improved access to markets and reduction of logistical costs
- Increased transit traffic across the territory of RA, including toward destinations in EurAsEC countries
- Good traffic conditions offered to residents of adjacent communities