The residents of Marmarashen and Burastan rural communities agreed to grant their land plots to the Republic of Armenia. The relevant decision was approved at today's session of the Armenian Government.
Armenian Minister of Transport and Communication Gagik Beglaryan said that the given land plots will be used in the process of construction of the North-South transport corridor.
To note, construction of Agarak-Sisian road is part of the North-South road corridor. North-South 556km motorway will be laid via the Armenian towns of Meghri-Kapan-Goris-Yerevan- Ashtarak-Gyumri-Bavra and enter the territory of Georgia on Akhaltsikhe-Batumi section, which will settle some transport problems of Armenia. This will be a four- lane motorway of reinforced concrete extending from the Armenian border and Iran to the Georgian port Batumi. The road corridor will facilitate improving the road connection with the two neighbors of Armenia: Iran and Georgia, providing access to international trade routes and markets. Armenia raised $500mln loan from the Asian Development Bank for the project that is estimated at $1 billion. Eurasian Development Bank is ready to provide $150 million. Armenia raised $60 million from the European investment Bank. Due to the project, the overland communication Europe-Caucasus-Asia will be improved. The project will be completed by 2019. It will allow Armenia to soften the consequences of the blockade by Azerbaijan and Turkey and to join the Black Sea ring highway.