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EU, World Bank will invest €700 in Armenia

panarmenian.net3 hours ago
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EU, World Bank will invest €700 in Armenia

January 17, 2019 - 14:40 AMT

PanARMENIAN.Net - The European Union and the World Bank will allocate €700 million to Armenia.

In a bid to boost connectivity and economic growth in the Eastern Partnership (EaP) countries, the European Commission and the World Bank have co-authored a Trans-European Transport Network (TEN-T) Investment Action Plan that identifies priority projects in Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine.

Together, the projects will require an estimated investment of almost €13 billion and foresee a total of 4800 kilometres of road and rail, six ports, and 11 logistics centres.

Acco...

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