Project Completion Report: Armenia, Rural Road Sector Project
Com pletion Report Project Number: 40610 Loan Number: 2351-ARM (SF) and 2467-ARM (SF) (Supplementary Loan) December 2011 Armenia: Rural Road Sector Project CURRENCY EQUIVALENTS Currency Unit – Armenian dram (AMD) At Appraisal At Project Completion 13 July 2007 30 September 2011 L2351-ARM: AMD1.00 = $0.003 $0.0027 $1.00 = AMD337.75 AMD367.80 L2467-ARM: AMD1.00 = $0.003 $0.0027 $1.00 = AMD304.51 AMD367.80 ABBREVIATIONS ADB – Asian Development Bank ARD – Armenian Roads Directorate HDM – Highway Development and Management Model IRI – International Roughness Index MCC – Millennium Challenge Corporation MOTC – Ministry of Transport and Communications NPV – net present value OAI – Office of Anticorruption and Integrity PGC – project governing council PMU – project management unit PPMS – Project Performance Management System PPRR – Project Procurement-Related Review Report SDR – special drawing rights TA – technical assistance WEIGHTS AND MEASURES km – kilometer m – meter NOTES (i) The fiscal year (FY) of Armenia ends on 31 December. (ii) In this report, "$" refers to US dollars. Vice-President X. Zhao, Operations 1 Director General J. Miranda, Central and West Asia Department (CWRD) Director H. Wang, Transport and Communications Division, CWRD Team leader A. Ahonen, Transport Specialist, CWRD Team members C. Africa, Project Analyst, CWRD G. Mousealyan, Senior Project Officer, CWRD M. Pampolina, Project Analyst, CWRD A. Silverio, Operations Assistant, CWRD In preparing any country program or strategy, financing any project, or by making any designation of or reference to a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
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