home New Projects North South highway construction

North South highway construction

Updated:2023-03-05 07:07:00 Download PDF

Project details

• Country Armenia
• Region Vayotz Dzor Region
• Region Aragatsotn Region
• Region Ararat Region
• Region Shirak Region
• Region Syunik Region
• Region Yerevan
• Project type Transport routes and highways
• Type of work Construction
• Project category Transport
• Project status Active
• Terms of implementation 2013-2030

Industry

• Construction, Building Materials & Equipment

Sub-industry

• Transport Construction

Comment

The North-South highway construction project includes five phases. Phase I (Yerevan-Artashat, Yerevan-Ashtarak): length = about 31 km, completed in 2016. Contractor: Corsan Corviam Construccion S.A., Spain. Financing: $70.4 million, including a loan from Asian Development Bank ($60 million). Phase II (Ashtarak-Talin): length = about 42 km. Financing: $179.6 million, including a loan from Asian Development Bank ($170 million). As of March 2023 - contractor selected, construction will take 18 months. Phase III (Talin-Landzhik): length = about 18.7 km. Financing: $132.4 million, including a loan from Asian Development Bank ($100 million). Contractor: Sinohydro Corporation, China. Phase III (Lanjik-Gyumri): length = about 27.5 km. Financing: EUR 74 million, including a loan and grant from European Investment Bank (EUR 70 million and EUR 12 million, respectively). Completion of phase III construction operations: 2023. Phase IV (Artashat-Sisian, Sisian-Kajaran): length = about 235 km. Financing: loan from Eurasian Development Bank ($150 million). Phase V: (Gyumri-Gyumri-Bavra bypass road): length = 60 km. 

Project economics

• Approximate amount of investment 2 bln
• Approximate amount of investment 2 bln