The Executive Director of the Road Department Fund of Armenia, and representatives of Iranian companies, Abad Rahan Pars International Group and Tunnel Sadd Ariana joint venture, signed the construction contract within the framework of Tranche 4 of the North-South Road Corridor Investment Program.

Iran PressAsia: The parties emphasized the fact of signing this contract, which will contribute to the implementation of the North-South Road Corridor project.

Within the framework of the existing Kajaran-Agarak (Iranian border) reconstruction project of Tranche 4, it is planned to reconstruct the Agarak (Iranian border)-Vardanidzor-prospected Kajaran tunnel exit section, with a total length of about 32 km.

After its reconstruction, this road section will meet advanced international standards.

Accordingly, it is planned to build five new intersections, six new overpasses, two new tunnels with a total length of 920 meters, and 17 new bridges.

The project is funded by a Eurasian Development Bank loan and co-funded by Armenia.

The respective construction work is planned to start at the end of this year and be completed within three years. 219

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