YEREVAN /ARKA/. Earthworks for the construction of a road between Isa- kov and Arshakunyats Avenues under the Asian Development Bank (ADB) program will begin in mid-June in Yerevan, announced Anetta Babayan, Advisor to the Mayor of Yerevan. “From May to mid-June, the de- tailed schedule approval process will be completed, and advance payments under the guarantees will begin. Re- sources and equipment will be mobi- lized,” she noted at a working meeting at City Hall on Monday. Babayan announced that an $80 million loan will be received from the ADB, including government co- financing. “All tenders under the program have been held, and contracts have been signed,” Babayan said. The pro- gram includes the construction of a road between Isakov and Arshakunyats Avenues, a 269-meter reinforced con- crete bridge across the Hrazdan River, and the reconstruction and landscaping of the area adjacent to Komitas Park. The road will provide a direct con- nection between three administrative districts of Yerevan (Malatia-Sebastia, Downtown, and Shengavit), facilitat- ing the redistribution of traffic flows. Construction was previously sched- uled to begin in 2023, but bureaucratic obstacles related to completing land acquisition procedures and resettling residents from the areas encompassing the construction site have delayed the deadline.

By Appo

Leave a Reply

Your email address will not be published. Required fields are marked *