| Project Detail |
The project will finance the construction of a 60 km-long single carriageway road link between Sisian and Kajaran in the southern and mountainous region of Syunik, divided into two sections and Bargushat tunnel, which is a key part of Armenias North-South Highway.
Objectives
The aim is to address the market/network failure related to accessibility along the extended core trans-European network (TEN-T) road network. The new climate resilient road link will improve connectivity along the North-South transport corridor, by reducing travelling times, vehicle operating costs and road crashes while contributing to mitigate climate change.
Sector(s)
Transport - Transportation and storage
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 236 million
Total cost (Approximate amount)
EUR 1349 million |
