Iran's company Ariana Tunnel Dam Co will construct a new Bagratashen Bridge on the Armenian-Georgian border in 2018.
The construction will be financed from a loan agreement signed between Armenia and the European Bank for Reconstruction and Development (EBRD).
The agreement on the designing and construction of the bridge was to be carried out within the framework of the 'Armenia Northern Corridor Modernization Project' was signed in the presence of the Armenian minister of transport, communication and information technologies and Iranian ambassador to Yerevan.
Armenia's minister of transport, communication and information technologies Vahan Martirosyan voiced hope that the victory in the tender would be the first step and the Iranian company would continue to participate in projects implemented in Armenia, particularly the construction of a tunnel in the north of the country expected under the same modernization project, ISNA reported.
Ariana Tunnel Dam Co. was chosen to implement the project from among seven bidders.