CONSTRUCTION WORKS AT YEREVAN-ASHTARAK SECTION OF IRAN-ARMENIA TRANSPORT CORRIDOR TO BE COMPLETED BY OCTOBER 2012

PanARMENIAN.Net
November 1, 2010 - 14:01 AMT 10:01 GMT

On November 1, the RA Ministry of Transport and Communication hosted
unsealing of competition packages for bids on rehabilitation of
11.71km-long Yerevan-Ashtarak section of Iran-Armenia transport
corridor.

13 construction companies expressed willingness to participate in
the competition. However, only three companies submitted relevant
documents: Austrian STRABAG International, American Feletechnologies
and Spanish MJGRUAS, which offered USD 51.141mln, 18.944mln and
22.618mln respectively, the Ministry's press service reported.

The tender committee will study and estimate the competition packages
to present them to the Asian Development Bank, after which they will
be submitted for the Governing Council's approval. As the project
cost exceeds USD 1bln, a governmental decision will be adopted,
after which an agreement will be signed with a contractor.

The construction works are planned to be launched in spring 2011 and
completed on October 1, 2012, with the Asian Development Bank and RA
government to finance the works.




From: A. Papazian