Armenia will receive another US$30 million from the Asian Development Bank (ADB), to strengthen the infrastructure of the country, Minister of Finance, Vardan Aramyan, stated at Thursday’s Cabinet meeting.
The second phase of the ADB Infrastructure Sustainability Support Program for Armenia was initially assumed to be in the amount of $90 million.
The program, however, has not yet been approved.
It plans to develop the energy sector and urban road network of Armenia.
