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56317-001 - Resilient and Inclusive Economic Corridor Improvement Project
56317-001 - Resilient and Inclusive Economic Corridor Improvement Project
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 Last update: Mar 21, 2025
Last update: Mar 21, 2025
56317-001 - Resilient and Inclusive Economic Corridor Improvement Project
Last update: Mar 21, 2025

Details

Project End Date:
2033-12-31
Location:
Armenia
Armenia
Contract type:
Unspecified/other
Status:
Approval
Sectors:
Macro-Economy & Public Finance, Transport
Languages:
English
Contracting authority:
Ministry of Territorial Administration and Infrastructures of Armenia
Funding Agency:
Asian Development Bank (HQ)European Investment Bank (HQ)
Contracting authority type:
Government / Public Sector
Eligibility:
Unknown
Budget:
USD 477,660,000
Date posted:
Jun 3, 2024

Attachments • 3

5631.. .

Mar 21, 2025

5631.. .

Dec 16, 2024

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Jun 3, 2024

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Description

The Resilient and Inclusive Economic Corridor Improvement Project has a length of 27.2 km and is a green field alignment traversing mountainous terrain and includes 16 bridges and 3 tunnels. The estimated cost is $400 million with ADB's share of financing
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tender Background

About the Funding Agency

Asian Development Bank (HQ)

ADB - Asian Development Bank - based in Manila, Philippines since 1960.

The Asian Development Bank aims for an Asia and Pacific free from poverty. ADB in partnership with member governments, independent specialists and other financial institutions is focused on delivering projects in developing member countries that create economic and development impact.

As a multilateral development finance institution, ADB provides:

  • loans
  • technical assistance
  • grants

 

View all tenders from this funding agency

About the Sectors

Macro-Economy & Public Finance

Includes initiatives that support macroeconomic stability, sound fiscal policy, and effective management of public financial resources.


Key areas:
  • Macroeconomic analysis and policy support
  • Public finance management (PFM)
  • Government budgeting, taxation, and debt management
  • Economic growth and development strategies
View tenders in this sector

Transport

Involves initiatives related to the movement of people, goods, and resources through land, water, and air transport systems.


Key areas:
  • Land transport infrastructure and services
  • Railways, metro, and tramway construction
  • Air transport operations and air traffic systems
  • Water transport and navigable waterways
View tenders in this sector

Locations

Armenia

Armenia has prioritised transport corridor upgrades, renewable energy expansion and digital infrastructure to enhance regional integration and competitiveness. Investments aim to strengthen Armenia’s role as a transit and services economy between Europe and Asia. The government has implemented regulatory reforms and sought foreign direct investment to modernise logistics and energy systems. Continued institutional strengthening and diversification beyond remittances and mining remain central to long-term resilience.

Nr. of tenders: 10747
Nr. of grants: 3043
Nr. of donors: 539
Nr. of jobs: 49
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