OREANDA-NEWS. On 26 December 2008 was announced, that the RA Minister of Economy Nerses Yeritsyan and RA Minister of Transport and Communication Gurgen Sargsyan оn behalf of the Government of Armenia signed an agreement with Asian Development Bank on provision of technical assistance to the Government of Armenia in an amount not exceeding the equivalent of US USD 1,000,000 for preparing the North-South Road Corridors Development Program.

The Technical Assistance of USD  1,000,000 will be provided by ADB on a grant basis by the Technical Assistance Special Fund. The Ministry of Transport and Communication is to serve as the Executing Agency for the Technical Assistance.

The suggestion of Armenian side was also included in Technical Assistance program: such as take into the framework of ten-year action plan the possibility of railroad and high way construction in the Southern part of the North-South Road Corridors.