YEREVAN, JULY 7, NOYAN TAPAN. A regular meeting of he North-South Road Corridor investment program governing council was held on July 2, chaired by council head, Prime Minister Tigran Sargsyan. NT was informed by the press service of the government that the council discussed and approved the company lists for first-tranche construction technical control and second-tranche detailed engineering design activities. North-South Road Corridor investment program implementing entity's Chief Executive Director Felix Pirumian reported on the second stage of the program concerning the alienation of real estate by Ashatarak-Talin road section, which was taken note of by the council. The Prime Minister said that a number of items in the technical proposal should be given a more accurate definition in cooperation with the Ministry of Justice. The governing council took note of the report on the north-south road corridor investment program memorandum (first and second tranches) as prepared by a mission of the Asian Development Bank (ADB) which was in Yerevan from May 28 to June 4, 2010. The mission had monitored development and progress under the first tranche and preparative work under the second tranche. The council discussed and took note of the annual cost estimate report of North-South Road Corridor Implementing Entity SNCO. Tigran Sargsyan instructed the Ministry of Finance to allocate funds for the settlement of the first six months' actual spending.

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