North-South RoadCorridor Investment Program includes Agarak-Kapan-Yerevan-Gyumri-Bavra highways and road infrastructures. Expected results of Project implementation are efficient, safe and sustainable transport networks.
In the framework of Project implementation, Land Acquisition and Resettlement Plans is being realized in compliance with RA acting laws and legislative acts, ADB Involuntary Resettlement Policy and Land Acquisition and Resettlement Framework.
During the Project Implementation Environmental Impact Assessment is made for each stage and structure in compliance with the RA acting laws and ADB Environmental Policy.
Contracts have been signed with the Asian Development Bank (ADB), European Investment Bank (EIB) and Eurasian Development Bank (EDB) for the implementation of the Project. The estimated cost of the Project is 1,5 billion USD. The Project is divided into 5 Tranches. Negotiations are conducted for involvement of other donors for the construction of northern and southern parts of the corridor.
Project implementation will result in the following outcomes:
- Improved road corridor in compliance with international standards;
- Four-lane Category 1 road on Yerevan-Gyumri and Yerevan-Ararat sections;
- Other road sections meeting international standards with the possibility to be widened up to four-lane road in the future;
- Efficient and safe road corridor traffic management.
North-South Road Corridor:
- Provides access to the Black Sea through the territory of Armenia and Georgia and then to European countries;
- Crossing the territory of Armenia from the South to the North (Meghri – Yerevan – Ashtarak – Gyumri - Bavra) the corridor connects to the Georgian road leading to Poti and Batumi ports;
- The implementation of the Project results in improving Europe - Caucasus – Asia road communication at the intersection of West Asia and East Europe.
Project objectives: facilitating communication with neighboring countries; expanding and facilitating access to foreign market towards Central Asia and Europe; developing major economic spheres and export expansion (industry, agriculture, mining industry, construction, tourism) etc.
Main Goals: improving safety and comfort, reducing time and financial costs, integrating possible necessary telecommunication and other infrastructures.
The project is implemented in the context of the following RA Government projects: "Reconstruction of Gyumri techno city", "Tatev tourist center", "Development of Jermuk town" and "Zvartnots free economic zone". The implementation of North-South Road Corridor will
significantly contribute to the efficiency of the mentioned projects and to the achievement of program goals.
The Project is implemented by multi-tranche financing. It is subdivided into Tranches and separate loan agreements are signed in the framework of each Tranche.