DEC. 9 2015 (The Conway Bulletin) — Chinese state-owned SinoHydro said it will build a 27.5km section of a north-south road in Armenia for €74m ($81m). Once the full upgrade is finished in 2019, the complete 556km-long road, called the North-South Corridor, will connect the town ofBavra on Armenia’s border with Georgia to Meghri on Armenia’s border with Iran. The total cost of the project is €381m ($417). Various inter-governmental financial institutions and the Armenian government are paying for the project.
ENDS
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(News report from Issue No. 260, published on Dec. 11 2015)