Yerevan /Mediamax/. World Bank will provide Armenia with a loan at the sum of $36.6mln within the framework of additional funding for the project to reconstruct roads in the regions.

Mediamax was informed in WB press service that the project will assist the Armenian government in improving the road network for the rural population and will create additional workplaces. “This will also help Armenia mitigate the influence of the global economic crisis”, WB statement reads.

Within the framework of the project, they plan to improve the state of 140km of roads in seven regions of the republic. The works will be initiated in late September, 2009.-