Armenia in the construction of south-north transport corridor

Armenia’s PM Tigran Sarksyan recently chaired another meeting of the South-North investment programme management board. This time the meeting was dedicated to the ecological problems associated with the construction of this transport corridor. The adopted document would be aired in Armenia for public discussion. In December this year, Armenia and the Asian Development Bank plan to sign a credit agreement for financing the construction of the highway from the Armenian town of Megri at the Iranian border towards the Georgian Black Sea ports of Poti and Batumi. They estimate the total cost of the project will reach USD 1 billion. Companies from Italy, Brazil and Iran have expressed their interest to participate in the project. The motorway will be of particular interest to Iran, which will then have access to the Black Sea and onward to European countries through this connection.