ArmInfo. The European Commission, the European Investment Bank (EIB), and the Ministry of Territorial Administration and Infrastructure of Armenia signed a joint memorandum of understanding, formalizing the launch of advisory support within the framework of the EPIC (Eastern Partnership Investment in Connectivity) initiative.
According to the ministry's press service, the signing took place in Brussels during a high-level event dedicated to the launch of the Connectivity Agenda Platform.
The initiative provides support for preparatory work on the strategic Akhurik-Kayan and Margara-Kayan road routes, which will connect border crossing points with the road network of the Republic of Armenia. During the first stage, the European Investment Bank will provide advisory support to determine the scope of necessary studies and develop feasibility studies for the implementation of these road projects. According to the source, the projects are being implemented within the framework of the Armenian Government's "Crossroads of the World" initiative and are aimed at developing regional transport connectivity, strengthening Armenia's role as a reliable transport and logistics hub, and advancing the European Union's Connectivity Agenda.
The memorandum was reportedly signed by Adrien Kiraly, representative of the European Commission; Kristine Ghalechyan, Deputy Minister of Territorial Administration and Infrastructure of Armenia; and representatives of the European Bank for Reconstruction and Development and the European Investment Bank.
