Issues Related to Armenia's Road Safety Improvement Program were Discussed

12-02-2019

The representatives of the European Investment Bank, "Transport Project Implementation Organization" SNCO and "Armenian Roads Directorate" SNCO discussed issues related to the investments by the European Union to the Road Safety Improvement Program of Armenia.

The representatives of the EIB presented the goals and scope of the planned investments. In general, it is planned to provide a grant in the amount of 5.15 million Euro. Out of this amount, 0.65 million Euros will be allocated for Technical Assistance Advisory Services, € 4.25 million- for civil works and 0.25 million Euro for Organizational Expenses.

The European Investment Bank will conduct a tender for the Consultant’s technical assistance who will be responsible for the fulfillment of its obligations since April, 2019.