“Armenia Secures €75 Million Loan Agreement with French Agency for Development for Agricultural Support Program”
The Armenian government secured a 75 million euro loan from the French Agency for Development. The loan aims to support agricultural programs, including planning, irrigation, risk management, and public expenditure improvements. It also focuses on areas such as public procurement, urban development, climate change adaptation, and financial tools expansion. The loan is conditional upon political cooperation and various reforms, including financial market development and corporate governance. The successful implementation of the loan requires timely receipt of funds and adherence to the Armenian government’s budget for 2024.
“Armenia Secures 236 Million Euro Loan from EBRD for Yerevan-Gyumri Highway Construction: Boosting Connectivity and Efficiency”
Armenia and EBRD signed a €236M loan agreement for Yerevan-Gyumri highway construction. The loan will fund the southern section, reducing travel time by 10 mins. EBRD is the largest investor in Armenia. Source: NEWS.am
Armenia to Establish 46 State-of-the-Art High-Tech Schools Ensuring Student Safety by 2027
Armenia plans to establish 46 high-tech schools with high-level security by 2027. The “Safe Seismic Program” aims to ensure the safety of 22.5k students and includes new seismic construction norms and certification systems. 16 schools are already operational, with 20 under construction. The program’s $107m budget, with $88.5m in loans, is nearing completion. By 2024, 7 schools will be finished, and construction of another 10 will begin later. 80% of the funds have been spent, with all 46 schools set to be operational by 2027.
“Armenia Secures Loan Extension for Modernization of Key Interstate Highway”
Armenia signs loan agreement with ADB for the modernization of Armenia-Vrastan Highway. Loan term extended for completion of construction works and preliminary tasks. Loan closure deadline set for August 31, 2024. Partial disbursement allocated for detailed investigation and digitalization of Dilijan-Pushkin highway.
“Armenian Government Strikes Multi-Million Euro Deal with Asian Development Bank for Urban Development Program”
Government announces loan agreement for Yerevan Urban Development Program with the Central Bank of Armenia and Asian Development Bank. The 60,090,000 euros loan aims to improve transportation in Yerevan, including the reconstruction of Isakov-Arshakunyats highway and the construction of necessary bridges and a pedestrian bridge. The project is set to be completed by 2027.
Armenia Secures €60 Million Loan Agreement with Asian Development Bank for Yerevan Urban Development Program
Armenia and the Asian Development Bank sign agreement for the Yerevan Urban Development Investment Program, worth €60 million. The program aims to ease city traffic through the construction of a new bypass road and reduce congestion with the creation of new infrastructure.
Source: NEWS.am