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, Goris, Kapan and Meghri. The project is being co-financed by the Asian Development Bank and the EU Neighbourhood Investment Facility (NIF). (OL/trans.fl)