Armenia to take a $200 million loan from EFSD for construction of Kajaran tunnel
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YEREVAN, November 6. /ARKA/. The parliamentary standing committee on financial and budgetary issues approved today thenbsp; ratification of a $200 million loan agreement between Armenia and the Eurasian Fund for Stabilization and Development (EFSD) by the parliament for building the Kajaran tunnel near the border with Iran./pp
The program aims to enhance the potential of transit transportation and reduce accidents on the North-South road corridor./pp
According to the project, a tunnel approximately 7 km long is planned to be built near the city of Kajaran, and a section of the M2 highway (Yerevan-Yeraskh-Goris-Meghri-Iranian border) about 4 km long will be reconstructed./pp
The construction work is expected to take about 6 years. -0-/p