09/12/2013 (Agence Europe) - EIB loan for upgrading of the North-South Road Corridor. On 6 December, the European Investment Bank (EIB) announced that it would be lending €60 million to finance the upgrading of the North-South Road Corridor in Armenia. The project is part of an ambitious programme aimed at improving the 556-kilometre North-South Road Corridor running from the border with Georgia at Bavra to the border with Iran at Meghri via the cities of Bavra, Gyumri, Ashtarak, Yerevan,...