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The "Millennium Challenges Program"

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  • The "Millennium Challenges Program"

    Armenpress

    "MILLENNIUM CHALLENGES" PROGRAM TO PROVIDE 56.5 MILLION USD FOR
    RECONSTRUCTION OF VILLAGE ROADS
    YEREVAN, AUGUST 12, ARMENPRESS: The Millennium Challenges program will
    provide 56.5 million USD to Armenia for the reconstruction of the village
    roads.
    A road specialist of the task group Hakob Petrosian said 1,100 km long
    roads of local and state importance are included in the program. More than
    300 communities will be joined to roads having inter-state importance. He
    said constriction of new roads is not expected.
    According to him, the task group has thoroughly studied the state of the
    roads and bridges and on the basis of the collected information the program
    will be finally assessed with the participation of US experts. The road
    specialist said the main aim of the program is the reduction of poverty by
    economic development. The roads are infrastructures which have important
    role in the development of agriculture. According to the initial estimates,
    the program will promote the reduction of poverty by five percent and solve
    social-economic issues as well as the ones connected with road
    communication.
    H. Petrosian said in September a memorandum will be signed which will
    witness that the American side will surely finance the program. Then the
    negotiations over the agreement will start and it will be ready at the end
    of the year. In 2006 projecting works will launch and competition for
    construction will be held. The construction will last 2007-2010.



    What if I find someone else when looking for you? My soul shivers as the idea invades my mind.

  • #2
    Pan Armenian News

    Explanations of the RA Ministry of Finance and Economy concerning the
    `Millennium Challenges' Program


    12.08.2005 05:51

    /PanARMENIAN.Net/ The August 5 Publication of the PanARMENIAN.Net with a
    link to the Regnum Information Agency - `D. Avetisyan: We expect that
    Armenia receives a WB Credit of $20 Million by the end of the year' -
    contained some mistakes as for the content and the negotiation process of
    the `Millennium Challenges' program. The RA Ministry of Finance and Economy
    has provided explanations to the correspondents of the PanARMENAN.Net. The
    draft program handed by the Armenian Government to the American Corporation
    of `Millennium Challenges' includes 2 components - investments into the
    infrastructure of irrigation and the infrastructure of community roads. The
    project does not cover the spheres of social welfare, public health and
    education. According to the Armenian proposal of `Millennium Challenges',
    the total investment volume is equal to $175mln., not $60mln. as stated
    before. $118mln. of overall $175mln. is intended for the irrigation
    infrastructure and the other $57mln. - for the community roads. As for the
    negotiation process, it is currently on the stage of joint practical
    discussions between the MCA team and the Transaction team of the MC
    Corporation. The discussions will cover the realistic possibility of poverty
    reduction through economic growth during the implementation of the two
    components of the MCA Program. The Compact negotiation phase will follow
    current discussions, becoming a next step towards the realization of the
    Program. The MCA team informs that the RA population will receive periodical
    updates on further developments.

    What if I find someone else when looking for you? My soul shivers as the idea invades my mind.

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