Armenia to take €236 million loan from EIB for North-South road construction
The European Investment Bank (EIB) is lending €236 million to Armenia to finance the construction of the Sisian-Kajaran road.
The Armenian government approved the loan agreement at a meeting on Thursday.
The 60-kolometer toad section will include the construction of 27 bridges with a total length of 4.7km and 9 tunnels totaling 12.5km in length. The longest tunnel will span 8.6 kilometers, Minister of Territorial Administration and Infrastructure Gnel Sanosyan announced.
The road, which is part of the North-South road corridor, will shorten the route by 54km and increase the average speed from 50 km/h to 100 km/h, reducing travel time by nearly two hours.
Moreover, green bridges will be built in Armenia for the first time to allow animals to move freely.
The total loan amount for the road construction amounts to €708 million, while the government’s share totals to €150 million.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
Newsfeed
16:35
Relatives of missing Armenian soldiers block central Yerevan avenue
Relatives of missing Armenian servicemen on Friday blocked Yerevan's central Baghramyan Avenue near the parliament...
Source Panorama.am
15:51
Hayk Marutyan slams rude comments of Yerevan mayor's father
Former Yerevan Mayor Hayk Marutyan has denounced the offensive remarks about Opel drivers made by the father of the Armenian capital’s...
Source Panorama.am
15:10
New Year's Eve weather forecast revealed
Wintry showers are expected in Armenia’s regions on Friday and over the weekend.
Blizzards and poor visibility are likely in some...
Source Panorama.am
14:34
Armenian archbishop links protest movement’s failure to organizational issues
Archbishop Bagrat Galstanyan, the leader of the Holy Struggle movement, pledged to continue campaigning for a change of government in Armenia,...
Source Panorama.am
13:45
Yeghishe Melikyan named Armenia's best coach of 2024
Pyunik manager Yeghishe Melikyan has been named Armenia's Coach of the Year 2024 with 92 points.
The Football Federation of...
Source Panorama.am
13:16
Politician: Serzh Sargsyan insisted on Artsakh peace plan disclosure back in 2022
Opposition politician Eduard Sharmazanov, a senior member of the Republican Party of Armenia (RPA), lambasted Prime Minister Nikol...
Source Panorama.am
12:35
Henrikh Mkhitaryan named 2024 Footballer of the Year
Inter Milan midfielder Henrikh Mkhitaryan has been named Armenia's 2024 Footballer of the Year for the 12th time.
He garnered 87...
Source Panorama.am
12:15
Archbishop Bagrat Galstanyan apologizes to supporters for his movement's unmet goals
Archbishop Bagrat Galstanyan, the leader of the Holy Struggle movement, offered apologies to the people for the protest movement’s failure...
Source Panorama.am
11:35
New cyclone from the Mediterranean to bring snow to Armenia
A new cyclone from the Mediterranean Sea is expected to make landfall in Armenia on Friday, bringing snowfall to several provinces across the...
Source Panorama.am
11:15
Armenia's Shant Sargsyan among leaders at World Rapid Championship
The first game day of the World Rapid Chess Championship has ended.
After 5 rounds, GM Shant Sargsyan has scored 4.5 points and shares...
Source Panorama.am
11:00
Over 25 countries want to take part in Intervision, Lavrov says
More than 25 nations have expressed their interest in participating in the Intervision Song Contest, including Latin American countries, Russian...
Source Panorama.am
17:13
Armenian church leader's New Year message not to be aired on Public TV
The annual New Year address by Catholicos of All Armenians Karekin II will not be aired on the Public TV Company.
The...
Source Panorama.am
16:35
Expert: Artsakh leaders indicted on 1,500 counts in Azerbaijan
Artsakh’s former military and political leaders are facing charges in Azerbaijan in connection with episodes starting from 1987, Anna...
Source Panorama.am
15:50
Armenian opposition MP again slams land handover to Azerbaijan
Opposition MP Hayk Mamijanyan again denounced the Armenian government’s surrender of four villages to Azerbaijan as part of a border...
Source Panorama.am
15:00
Yerevan to see light snow from Friday
Dry weather is expected in Armenia's regions on Thursday.
Wintry showers are forecast for the country on Friday and over the weekend....
Source Panorama.am
14:36
Armenia sends 8 players to World Rapid and Blitz Championships
The FIDE World Rapid and Blitz Chess Championships 2024 will take place in New York from December 26 to 31.
8 chess players from Armenia are...
Source Panorama.am
14:12
Ex-ombudsman: Artsakh leaders imprisoned in Azerbaijan for spearheading national struggle
Artsakh’s former military and political leaders are illegally detained in Azerbaijan for their role in the political and military...
Source Panorama.am
13:31
Expert: Disclose of Artsakh peace plans would be 'political suicide' for Pashinyan
Political analyst Suren Surenyants has hailed former Armenian President Levon Ter-Petrosyan’s response to Prime Minister Nikol...
Source Panorama.am
12:45
Pashinyan plans to join EAEU summit via video link
Armenian Prime Minister Nikol Pashinyan, who has tested positive for Covid-19, plans to participate in the Eurasian Economic Union (EAEU) summit...
Source Panorama.am
12:30
Yerevan subway announces extended hours for holidays
The Yerevan Metro will offer extended service hours during the New Year and Christmas holidays.
According to the new schedule, the Yerevan...
Source Panorama.am
12:14
Henrikh Mkhitaryan sends New Year greetings to Inter fans in Armenian
Inter Milan midfielder Henrikh Mkhitaryan extended Christmas and New Year greetings to the club’s fans in a video posted on social media...
Source Panorama.am
11:55
Court returns Yerevan mayor's lawsuit against media outlet
A Yerevan court rejected Mayor Tigran Avinyan’s motion on Tuesday to waive legal court fees in the case of Avinyan’s lawsuit against...
Source Panorama.am
11:30
All-women flight lands in Iranian holy city for first time
An Iranian airline conducted a rare women-only flight on Sunday, landing for the first time in the holy city of Mashhad in the northeast, AFP...
Source Panorama.am
11:15
Armenian State Symphony Orchestra to perform on tour in China
From December 28 to January 2, the Armenian State Symphony Orchestra will embark on a tour in China, led by its Artistic Director and Principal...
Source Panorama.am
11:01
Armenia honors Apostles Peter and Paul
The Armenian Apostolic Church on Thursday commemorates Apostles St. Peter and St. Paul, perhaps the two individuals who had the greatest...
Source Panorama.am
17:13
Andre's wife shares first photos with baby amid divorce rumors
Armenian musician Andre’s wife, singer Ani Ohanyan, has shared the first photos of their baby daughter on social media.
The photos...
Source Panorama.am
16:45
Azerbaijan declares December 26 day of mourning after plane crash
Azerbaijani President Ilham Aliyev declared December 26 a day of mourning following a deadly crash of an Azerbaijan Airlines plane,...
Source Panorama.am
16:22
Pashinyan says again tested positive for Covid
Prime Minister Nikol Pashinyan has again tested positive for Covid-19.
“My Covid test again came back positive. I'll be...
Source Panorama.am
15:45
Turkey plans to open consulate in Aleppo
Turkish President Recep Tayyip Erdogan on Wednesday announced that his country will open its Aleppo consulate soon, less than two weeks after...
Source Panorama.am
15:35
Yerevan to see light snow later this week
Dry weather is expected in Armenia's regions on Wednesday and Thursday.
Wintry showers are forecast for the country on Friday and over...
Source Panorama.am
Videos
17:32 20/02/2023
Artur Vanetsyan: I think you'll see me more often at various events in future
17:35 20/02/2023
Armenian expert: U.S. stance on Karabakh remains unchanged
13:59 09/02/2023
Premature births increase in Artsakh due to stress
12:43 09/01/2023
Snow-covered Yerevan
15:41 15/12/2022
Gegham Stepanyan calls for sanctions against criminal Azerbaijan
11:45 29/11/2022
Memorial plaque honoring Yeghishe Charents inaugurated in Yerevan
