| Project Detail |
Project Name
Resilient and Inclusive Road Sector Improvement Project
Project Number
56317-001
Country / Economy
Armenia
Project Status
Proposed
The Resilient and Inclusive Road Sector Improvement Project has a length of 27.1 km and is a green field alignment traversing mountainous terrain and includes 16 bridges and 3 tunnels. The estimated cost is $400 million with ADBs share of financing to be $255 mil and cofinancing by EIB in the amount of $107 mil. The proposed project is designed to (i) address inefficiencies in transport and logistics to and from one of the only two open borders in the country, (ii) alleviate emerging regional socio-economic disparities, (iii) provide safety, sustainability, and climate resilience of road assets, and (iv) expand the economic benefit of infrastructure investment to the region. |
