The World Bank Local Economy and Infrastructure Development Project (P150327) REPORT NO.: RES47905 RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF LOCAL ECONOMY AND INFRASTRUCTURE DEVELOPMENT PROJECT APPROVED ON DECEMBER 22, 2015 TO REPUBLIC OF ARMENIA October 21, 2021 URBAN, RESILIENCE AND LAND EUROPE AND CENTRAL ASIA Regional Vice President: Anna M. Bjerde Country Director: Sebastian-A Molineus Regional Director: Steven N. Schonberger Practice Manager/Manager: Christoph Pusch Task Team Leader(s): Tafadzwa Irvine Dube The World Bank Local Economy and Infrastructure Development Project (P150327) ABBREVIATIONS AND ACRONYMS AMD Armenian Dram ATDF Armenia Territorial Development Fund CPF Country Partnership Framework GIZ Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH, German Society for International Cooperation MoESCS Ministry of Education, Science, Culture and Sports MoE Ministry of Economy MoF Ministry of Finance PDO Project Development Objective SME Small and medium-sized enterprises TC Tourism Committee under the Ministry of Economy US$ United States Dollar The World Bank Local Economy and Infrastructure Development Project (P150327) BASIC DATA Product Information Project ID Financing Instrument P150327 Investment Project Financing Original EA Category Current EA Category Partial Assessment (B) Partial Assessment (B) Approval Date Current Closing Date 22-Dec-2015 31-Mar-2023 Organizations Borrower Responsible Agency REPUBLIC OF ARMENIA,Ministry of Economy Armenia Territorial Development Fund Project Development Objective (PDO) Original PDO The Project Development Objective is to improve infrastructure services and institutional capacity for increased tourism contribution to local economy in selected regions of Armenia. OPS_TABLE_PDO_CURRENTPDO Summary Status of Financing (US$, Millions) Net Ln/Cr/Tf Approval Signing Effectiveness Closing Commitment Disbursed Undisbursed IBRD-85720 22-Dec-2015 23-Feb-2016 29-Dec-2016 31-Mar-2023 51.80 13.16 38.64 Policy Waiver(s) Does this restructuring trigger the need for any policy waiver(s)? No The World Bank Local Economy and Infrastructure Development Project (P150327) I. PROJECT STATUS AND RATIONALE FOR RESTRUCTURING A. General information 1. An IBRD loan of US$55 million to the Republic of Armenia for a Local Economy and Infrastructure Development Project (LEIDP) was approved by the World Bank Board of Directors on December 22, 2015. The Loan and Project agreements between the World Bank and Government of the Republic of Armenia were signed on February 23, 2016 and the Project became effective on December 29, 2016. The current loan Closing Date is March 31, 2023. 2. The Project Development Objective (PDO) is to improve infrastructure services and institutional capacity for increased tourism contribution to the local economy in selected regions of Armenia. The Project consists of three components: Component 1 - Heritage Hub Regeneration and Tourism Circuit Development (US$50.41 million); Component 2 - Institutional Development (US$4.45 million); and Component 3 - Contingent Emergency Response (CERC). Overall, the PDO remains relevant. 3. A first restructuring of the Project was approved on April 24, 2018 to include a new subproject in the City of Gyumri in Shirak region as an eligible investment under the Project. The restructuring did not entail any other changes to the Project. 4. A second restructuring was approved on June 17, 2020, and included: (i) expansion of the Project’s geographical scope to include three additional regions (Aragatsotn, Gegharkunik and Tavush); (ii) extension of the loan closing date by 23 months from April 30, 2021 to March 31, 2023; (iii) adjustment of the project institutional arrangements to streamline the roles and responsibilities of the Project stakeholders and speed up the process of investment approval under Component 1 “Heritage Hub Regeneration and Tourism Circuit Development;” and (iv) amendment of the descriptions of the CERC activation process and related implementation arrangements. The LEIDP Results Framework was also revised to realistically capture the expected results from the Project and contribution of the results to achieving the PDO. 5. A third restructuring was approved on August 24, 2020 to undertake a US$3.2 million partial cancellation of the loan in order to: (i) cover a funding gap under the ongoing Disease Prevention and Control Project (P128442) and (ii) ensure availability of financial resources for the client to complete the construction of Martuni and Vayots Dzor Medical Centers. Additionally, the request from the Ministry of Finance noted that the funding gap was a result of a reallocation of funds under the Disease Prevention and Control Project towards the procurement of medical supplies and equipment in response to the outbreak of COVID-19 in Armenia. B. Project Status 6. The project is in its 7th year of implementation, and the progress towards meeting the PDO and Implementation Progress both continue to be rated as Moderately Satisfactory. The Project encountered a very slow start which has resulted in a low level of disbursement to date. Since Effectiveness, LEIDP has The World Bank Local Economy and Infrastructure Development Project (P150327) disbursed US$11.68 million (22.5 percent of the Loan). The latest Bank mission noted1 positive implementation progress across the project components, including through the recent completion of 3 sub- projects, significant physical progress of the ongoing civil works despite challenges from the ongoing COVID- 19 pandemic and military conflict, as well as good progress in the preparation of technical documentation and designs for the remaining sub-projects to be tendered under the Loan. 7. Status of Component 1 (Heritage Hub and Tourism Circuit Development): Seven works contracts worth US$8.74 million have been completed, another three sub-projects worth US$4.79 million are under implementation, and physical works are progressing well. US$40.5 million (or 79 percent of the Loan) is fully allocated, out of which approximately US$24.9 million (48 percent of the Loan) worth of investments (11 sub- projects) are at various stages of preparation and tendering during calendar year 2021. The remaining balance of US$11.3 million was assessed (at the time of the latest Bank mission in July 2021) as available for pipeline investments under consideration by the Government for preparation and implementation during the remaining Loan period. 8. Status of Component 2 (Institutional Development): The component experienced a slow start and currently have one activity which has already been initiated, with two other priority activities to be procured by the end of 2021. Specifically, the contract for Monitoring and Evaluation was signed in spring of 2021 and the consultancy is underway. Launch of the International Visitor Survey, which was postponed due to the ongoing COVID-19 pandemic, is now expected to commence in January of 2022. Additionally, development of the legal and institutional set up for Destination Management Organizations is under preparation for tender during Fall 2021, together with the preparation of Site Management Plans under one assignment. Finally, the scope of advisory services to Cultural Heritage Sites is under discussion and the consultancy is expected to be procured in 2022. C. Rationale for restructuring 9. Borrower’s request. The Ministry of Finance (MoF) sent a letter to the World Bank on August 12, 2021 requesting the partial cancellation of US$9 million from the Loan. According to the request, following the Government initiated process of revision of the existing sectoral programs in response to immediate country needs, the partial cancellation will ensure additional fiscal space and replenish the necessary financial resources for further Government reforms and critical investments. 10. In response to the government’s request and subsequent discussions with the Ministry of Economy (MoE), this restructuring is to process cancellation of US$5.7 million from LEIDP Component 1 and US$3.3 million from Component 2. As a result, five investments worth US$4.87 million will be dropped from Component 1. These investments comprise mostly pipeline investments whose concepts, feasibility studies, detailed architectural-engineering designs had yet to be procured. An additional US$0.79 million will also be canceled from this Component following revision of the scope and cost estimates of another 2 planned investments. The list of dropped or revised investments under Component 1 are provided in Table 1 below. 1 July 12-23, 2021 The World Bank Local Economy and Infrastructure Development Project (P150327) TABLE 1: SUMMARY OF DROPPED AND REVISED PIPELINE PROJECTS UNDER COMPONENT 1 (HERITAGE HUB AND TOURISM CIRCUIT DEVELOPMENT) Sub- Project Rationale Action Amount cancelled (millions)a Three UNESCO These sites are proposed to be dropped from the scope of the current project due Dropped 3.4 heritage sites, to the following reasons: Procurement of both the designs for the guidelines and monasteries of the roadmap for conservation works and upgrading of the sites have experienced Haghpat, long delays and have not been initiated so far. Furthermore, if the roadmap of the Sanahin and conservation works is to be procured by the end of CY2021 (or beginning of Geghardavank CY2022), the execution of civil works will go beyond the current loan closing date. Thus, it would not be possible to implement by the project closure. The government will continue to support some smaller scale immediate conservation and maintenance works at the three sites, and the needed funds for these small-scale interventions are being made available on an annual basis and implemented through the state budget. Rehabilitation of Although designs had been procured, this subproject is proposed to be dropped Dropped 0.7 Old Khndzoresk due to the security situation in the area and the potential associated challenges road (3.2km) with implementation of the civil works. Amberd Given the structural vulnerability of the two towers located at Amberd Fortress, the Dropped 0.8 Fortress required works are expected to be very complex and lengthy. Due the very high likelihood of works going beyond the current loan closing date, this subproject is proposed to be dropped. Areni Hub The concept and pipeline of investments to be financed as part of this subproject Revised 0.7 Regeneration were finalized in late July 2021 and identified 62 infrastructure upgrade scope investments for short- to long- term implementation (1.5 to 10 years). Since implementation of some of these investments will go beyond the current Project’s loan closing date, the amount allocated for this subproject was reduced by US$0.7 million. The revised allocation of funds under this subproject will, therefore, amount to US$2.2 million and will finance the construction of wine museum, rehabilitation of streets to create a wine route itinerary and associated renewal of drainage and sewerage treatment facility. Dashtadem The initial allocation of US$1.2 million has been reduced by US$0.1 million. The Revised 0.1 fortress revised allocation of funds, therefore, will amount to US$ 1.1 million and will scope rehabilitation include upgrading of infrastructure leading to the site, renovation and strengthening of some sections of the fortress wall, and recreation of medieval atmosphere to enhance visitor experience. 5.7 aNote: Cancelled amounts from the dropped subprojects include all estimated costs for preparing, implementing, and supervising the civil works (i.e., also includes the costs for technical designs, technical and author supervision, etc.). 11. Under Component 2, three consultancy activities worth US$1.8 million will be dropped. An additional US$1.61 million will also be canceled from this Component owing to the realized cost-savings following the tender of one consultancy contract, as well as revision of the scope and cost estimates of an additional three consultancy activities (see Table 2 below for more details). The World Bank Local Economy and Infrastructure Development Project (P150327) TABLE 2: SUMMARY OF DROPPED AND REVISED ACTIVITIES UNDER COMPONENT 2 (INSTITUTIONAL DEVELOPMENT) Activity Rationale Action Amount cancelled (millions) Establishment The initial estimated allocation of US$0.8 million for this activity is now reduced to Revised 0.6 of Destination US$0.14 million, as originally planned physical works will be dropped. The Tourism scope Managements Committee under the Ministry of Economy has recently signed a Memorandum of Organizations Cooperation with the Armenia Postal Service and based on the agreement, the (DMO) regional post offices will provide part of their premises for DMO and/or information centers. The remaining DMOs-related budget under Component 2 will be directed towards refurbishment and purchase of equipment and tourism promotion materials for these DMOs. The DMOs would further support the awareness, functionality, and quality enhancement of selected sites in the destination. Training for This activity was aimed at providing demand-driven capacity-building to various Dropped 0.4 work force groups of beneficiaries, producing an integrated workforce development program development around the skills needed in tourism-related businesses in the selected regions. These activities are proposed to be dropped from the project scope and will be partially financed by the Government through the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbHa (GIZ) grant to promote Armenian touristic destinations. Tourism Proposed to be dropped from the Project and will be partially financed by the Dropped 0.6 promotion Government through a GIZ grant to promote Armenian touristic destinations. workshops Advisory This activity was originally aimed at providing business advisory services for SME Dropped 0.8 Services to SME development (e.g., to guesthouses, restaurants, handicraft workshops, organic food, Development and beverage firms) so that they can access micro-credit financing resources available at the MoE. Currently various funds under the MoE are providing similar services and, thus, the activity is proposed to be dropped from the project scope. Preparation of The allocation has been reduced to US$0.3 million, from an initial estimate of US$0.8 Revised 0.5 site million. The revised activity will focus on the development of a typology of site scope management management plans (instead of specific plans for every site under the Project). The plans typologies will subsequently be used by the various entities at each site, such as the Church, Ministry of Environment, and others, to guide development of their individual plans using State or other available funding. Marketing and The allocation has been reduced by US$0.2 million, from an initial cost estimation of Revised 0.2 Promotion US$1.0 million, following market research by ATDF, and is now estimated at US$0.8 scope technical million. assistance Monitoring and Cost savings of US$0.2 million have been realized following the award of the Cost 0.2 Evaluation contract. savings 3.3 12. Despite the partial cancellation, the PDO remains relevant and achievable with the remaining loan funds. The current project investment pipeline (PIP) has been revised and agreed with the Borrower and has a fully allocated pipeline of 17 subprojects which are currently under preparation with the estimated duration of the implementation over the next 18 months (see Annex 1). Completion of these planned investments remains The World Bank Local Economy and Infrastructure Development Project (P150327) critical for the achievement of the project’s development objective and will support the short- and medium- term COVID-19 recovery of Armenia’s tourism sector. For example, Areni and Goris are central hubs of the southern tourism corridor and natural stops for visitors in the direction from Yerevan to Meghri (most southeastern point of Armenia). Further, the urban regeneration of Areni Wine Village, Goris and Gyumri cities downtowns will provide diversification of tourism offerings and contribute to local economy development and job creation through extended overnight stays in these areas. The project has gained a positive momentum over the past 12 months since the last restructuring, and progress in the preparation of the above-mentioned pipeline of remaining sub-projects is satisfactory. Additionally, the revised PIP which has been developed by the Borrower and agreed with the Bank, is assessed as achievable, and will be monitored closely to ensure key milestones are met thereby enabling the project to complete all sub-projects within the current closing date. 13. The Project remains fully aligned with the Government’s Tourism vision and will contribute towards rebuilding Armenia’s tourism sector through resilient, inclusive, and sustainable recovery following the COVID-19 pandemic and recent military conflict. The investments in the PIP will support both Pillars 3 (Ensuring Sustainable Business Growth & Job Creation) and Pillar 4 (Strengthening Policies, Institutions and Investments for Rebuilding Better) of the World Bank Group COVID-19 Response Approach Paper2 including through the generation of employment and income in local economies. And is in line with Armenian’s CPF’s Focus Area 1: Export Enablers and Firm Competitiveness and supporting Objective 1: Improved performance in export- enabling sectors. 14. Restructuring conditions. The Project restructuring meets the following requirements of Bank policies: (i) the Project objectives continue to be achievable; (ii) the performance of the Borrower is satisfactory; (iii) the actions to be undertaken by the Borrower to complete the Project remain valid as agreed during the last mission and documented in the mission aide memoire1; and (iv) the financial management arrangements under the Project are satisfactory and there are no overdue audits under the Project. Both procurement and safeguards compliance are satisfactory, and no significant safeguards-related issues have been reported. Finally, the Borrower continues to demonstrate strong commitment to the successful implementation of the Project. II. DESCRIPTION OF PROPOSED CHANGES 15. In light of the Borrower’s request, the proposed restructuring seeks to cancel US$9.0 million (17.4%) of the current Loan amount of US$51.8 million and accordingly adjust the: (i) disbursement estimates, (ii) component costs, and (iii) disbursement category amounts. 2https://documents1.worldbank.org/curated/en/136631594937150795/pdf/World-Bank-Group-COVID-19-Crisis-Response-Approach-Paper-Saving-Lives-Scaling-up- Impact-and-Getting-Back-on-Track.pdf The World Bank Local Economy and Infrastructure Development Project (P150327) 16. Change in disbursement estimates. The disbursement estimates have been adjusted to reflect the reduction in expected disbursements in FY23 by US$9.0 million. There are no changes to the project implementation schedule. 17. Change in component costs. The allocations for Component 1 - Heritage Hub Regeneration and Tourism Circuit Development will be decreased by US$5.66 million. The allocations for Component 2 - Institutional Development will be decreased by US$3.41 million. Allocations for Component 3 - Contingent Emergency Response (US$0) remains unchanged. The composition of the components will remain the same. 18. Change in disbursement categories. While there are no reallocations between disbursement categories, the allocation to disbursement Category (1) Goods, works, non-consulting services, consultants’ services, and/or Training under Parts 1 and 2 of the Project will be reduced by US$9.0 million. The revised allocation under Category 1 will, therefore, amount to US$41,762,500 with the Loan Agreement amended accordingly. This reduction reflects the adjustments to Component 1 costs described above. 19. Change in Results Framework. The target value of the intermediate indicator “Number of museum/art galleries refurbished” has been revised from 2 to 1. 20. Safeguards. The proposed restructuring does not change the Project’s environmental classification nor trigger the application of any new policies or exceptions to any Bank safeguard policies. 21. Financial and Economic Analysis. The proposed changes will not entail a need to change the original economic, financial, technical, institutional, or social aspects of the Project as Appraised. 22. Technical and Social Analysis. The proposed changes will not entail a need to change the original technical or social aspects of the Project as appraised. III. SUMMARY OF CHANGES Changed Not Changed Results Framework ✔ Components and Cost ✔ Cancellations Proposed ✔ Reallocation between Disbursement Categories ✔ Disbursement Estimates ✔ Implementing Agency ✔ The World Bank Local Economy and Infrastructure Development Project (P150327) DDO Status ✔ Project's Development Objectives ✔ PBCs ✔ Loan Closing Date(s) ✔ Disbursements Arrangements ✔ Overall Risk Rating ✔ Safeguard Policies Triggered ✔ EA category ✔ Legal Covenants ✔ Institutional Arrangements ✔ Financial Management ✔ Procurement ✔ Implementation Schedule ✔ Other Change(s) ✔ Economic and Financial Analysis ✔ Technical Analysis ✔ Social Analysis ✔ Environmental Analysis ✔ IV. DETAILED CHANGE(S) OPS_DETAILEDCHANGES_COMPONENTS_TABLE COMPONENTS Current Current Proposed Proposed Cost Action Component Name Component Name Cost (US$M) (US$M) Heritage Hub and Tourism Circuit Heritage Hub and Tourism 47.30 Revised 41.65 Development Circuit Development Institutional Development 4.45 Revised Institutional Development 1.15 Contingent Emergency Contingent Emergency Response 0.00 No Change 0.00 Response TOTAL 51.75 42.80 The World Bank Local Economy and Infrastructure Development Project (P150327) OPS_DETAILEDCHANGES_CANCELLATIONS_TABLE CANCELLATIONS Value Reason Current Cancellation New Ln/Cr/Tf Status Currency Date of for Amount Amount Amount Cancellation Cancellation BORROWER' S REQUEST IBRD- Disburs USD 51,800,000.00 9,000,000.00 12-Aug-2021 42,800,000.00 FOR 85720-001 ing COUNTRY REASONS OPS_DETAILEDCHANGES_REALLOCATION _TABLE REALLOCATION BETWEEN DISBURSEMENT CATEGORIES Financing % Current Allocation Actuals + Committed Proposed Allocation (Type Total) Current Proposed IBRD-85720-001 | Currency: USD iLap Category Sequence No: 1 Current Expenditure Category: GD, CW, Non-CS, CS, TR for Part 1&2 50,762,500.00 9,608,965.55 41,762,500.00 80.00 80.00 iLap Category Sequence No: 2 Current Expenditure Category: IOC 900,000.00 231,706.66 900,000.00 80.00 80.00 iLap Category Sequence No: 4 Current Expenditure Category: GD, CW, Non-CS, CS for Part 3 0.00 0.00 0.00 100.00 100.00 Total 51,662,500.00 9,840,672.21 42,662,500.00 OPS_DETAILEDCHANGES_DISBURSEMENT_TABLE DISBURSEMENT ESTIMATES Change in Disbursement Estimates Yes Year Current Proposed The World Bank Local Economy and Infrastructure Development Project (P150327) 2016 0.00 0.00 2017 100,000.00 100,000.00 2018 348,687.10 348,687.10 2019 2,913,925.71 2,913,925.71 2020 3,411,484.51 3,411,484.51 2021 3,300,000.00 5,809,110.37 2022 22,778,000.00 13,778,000.00 2023 18,947,902.00 16,438,792.31 . The World Bank Local Economy and Infrastructure Development Project (P150327) . Results framework COUNTRY: Armenia Local Economy and Infrastructure Development Project Project Development Objectives(s) The Project Development Objective is to improve infrastructure services and institutional capacity for increased tourism contribution to local economy in selected regions of Armenia. Project Development Objective Indicators by Objectives/ Outcomes RESULT_FRAME_TBL_PDO Indicator Name PBC Baseline Intermediate Targets End Target 1 2 3 4 5 Project Development Objective Indicators Improved access roads to selected tourism attraction 0.00 0.50 1.50 10.80 15.80 30.00 40.00 sites (Kilometers) Increased tourism spending 749.50 749.50 772.00 795.00 819.00 856.00 862.00 (Amount(USD)) Number of jobs created by activities linked to the 0.00 0.00 60.00 200.00 300.00 350.00 350.00 project investments (gender disaggregated) (Number) Number of destination management offices established and operational 0.00 0.00 0.00 0.00 1.00 2.00 2.00 to ensure sustainability. (Number) The World Bank Local Economy and Infrastructure Development Project (P150327) PDO Table SPACE Intermediate Results Indicators by Components RESULT_FRAME_TBL_IO Indicator Name PBC Baseline Intermediate Targets End Target 1 2 3 4 5 Heritage Hub and Tourism Circuit Development Percentage of beneficiaries who report that citizen 0.00 100.00 100.00 100.00 100.00 100.00 100.00 engagement processes are effective (Percentage) Grievances registered, responded to and/or addressed within one 0.00 100.00 100.00 100.00 100.00 100.00 100.00 month of being filed (Percentage) Piped household water connections that are benefiting from 0.00 0.00 80.00 150.00 200.00 300.00 350.00 rehabilitation works undertaken by the project (Number) Number of old houses 0.00 0.00 0.00 10.00 20.00 30.00 30.00 restored (Number) Number of street lighting posts and bulbs 0.00 0.00 435.00 584.00 784.00 900.00 900.00 replaced/installed (Number) Number of Parks upgraded 0.00 0.00 1.00 0.00 0.00 1.00 2.00 (Number) The World Bank Local Economy and Infrastructure Development Project (P150327) RESULT_FRAME_TBL_IO Indicator Name PBC Baseline Intermediate Targets End Target 1 2 3 4 5 Action: This indicator has been Revised Project beneficiaries 0.00 0.00 50.00 337,470.00 1,322,400.00 1,500,000.00 1,700,000.00 (Number) Of which female 0.00 0.00 134,988.00 339,326.00 928,961.00 1,000,000.00 1,100,000.00 (beneficiaries) (Number) Number of tourism facilities constructed/improved 0.00 1.00 2.00 6.00 8.00 9.00 10.00 (Number) Number of museum/art galleries refurbished 0.00 0.00 0.00 1.00 0.00 0.00 1.00 (Number) Action: This indicator has been Revised Institutional Development Number of Public Awareness and Marketing 0.00 0.00 0.00 4.00 6.00 8.00 10.00 Campaigns launched (Number) Preparation of Site Management Plans for key 0.00 0.00 1.00 2.00 3.00 4.00 4.00 touristic sites (Number) Ministry of Economy, No updated tourism No updated tourism No updated tourism Tourism statistics Tourism statistics Tourism statistics Tourism statistics through its Tourism statistics collected statistics collected statistics collected collected and collected and collected and collected and Committee, has improved and published and published and published published published published published capacity to regularly report The World Bank Local Economy and Infrastructure Development Project (P150327) RESULT_FRAME_TBL_IO Indicator Name PBC Baseline Intermediate Targets End Target 1 2 3 4 5 tourism statistical data and analysis (Text) IO Table SPACE . The World Bank Local Economy and Infrastructure Development Project (P150327) ANNEX 1: SUMMARY OF CONFIRMED PIPELINE PROJECTS Sub-project Expected Expected Amnt Status as of October 2021 Start End (US$, mln.) 1. Improvement of Zorats Qarer monument 2021 2022 0.22 On track 2. Areni Hub Regeneration 2021 2022-23 2.20 On track 3. Gyumri city urban rehabilitation (6 lots) 2021 2022-23 6.7 On track 4. Jermuk town urban regeneration (7 lots) 2021 2022-23 4.61 On track 5. “Rehabilitation of Goris community 2021 2022 2.23 On track heritage center” Lot 2. Restoration of the historical and cultural environment of the central part of Goris 6. Improvement of the area around Garni 2021 2022 0.9 On track temple 7. Reconstruction of the road leading to Tatev 2021 2022 0.97 Detailed Designs under Monastery (a new by-pass road preparation construction) 8. Marmashen site rehabilitation subproject 2021 2022 0.97 Detailed Designs under preparation 9. Rehabilitation of the road leading to the 2021 2022 0.35 On track Garni section of the Khosrov forest state reserve 10. Improvement of Dvin area, construction of 2021 2023 0.62 On track a parking and information center (phase 2) 11. Restoration of Khor Virap Monastery Area 2021 2022 0.11 Detailed Designs under and Construction of Tourist (phase 2) preparation 12. Yenokavan hiking trail development 2022 2023 0.81 Preliminary SAR under preparation. 13. Tsaghkunk village center rehabilitation, 2022 2023 0.47 Preliminary SAR under Gegharkunik region preparation. 14. Meghri Poqr Tagh district urban upgrading, 2022 2023 0.97 Preliminary SAR under Syunik region preparation. 15. Dashtadem Fortress rehabilitation 2022 2023 0.96 Preliminary SAR under preparation. 16. Sevanavank rehabilitation 2022 2023 0.32 Preliminary SAR under preparation. 17. Noratus site rehabilitation 2022 2023 0.45 Preliminary SAR under preparation. 23.86