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Armenia Awards Largest-Ever Roads Contract

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  • Armenia Awards Largest-Ever Roads Contract

    Wed May 30th 2012

    Isolux Corsan is to construct more than 550km of roads under what is
    described as Armenia's largest-ever roads contract.

    The company beat five other bidders mostly of Chinese origin to win
    the contract, which will run through the Caucasus region in Armenian
    and Georgian territory.

    The is valued at US$250m (159m) and is funded by the Armenian
    government and the Asian Development Bank.

    In the Caucasus region, Corsan-Corviam will build three sections:
    Erivan-Ashtarak (11.7 km), Erivan-Ararat (38 km) and Ashtarak-Talin
    (42 km), all of which form part of the corridor linking Central Asia
    and Iran with Europe. The first section is to take 36 months, with
    18 months allocated for sections two and three.

    According to Ramon Aige, European area director for Corsan-Corviam,
    "the uniqueness of the project lies not only in the size, but also
    in the fact that Armenia is a country that does not have significant
    activity in the construction sector, so beginning the works in a place
    without prior implantation requires a special effort in developing
    the project."

    Ignacio Campos, commercial director in India said: "This award allows
    us to position ourselves in a new high-potential market."