Get access to latest Armenia roadways tenders and bids. Find business opportunities and government contracts for Armenia roadways tenders, government roadways tenders, Armenia road transport tenders, Armenia traffic monitoring tenders, Armenia highway toll tenders, parking tenders, Armenia road expansion tenders, sidewalk tenders, Armenia street lights tenders, driveway tenders, Armenia pavement work tenders. Find Armenia road tenders, bids, procurement, RFPs, RFQs, ICBs. The Armenian economy contracted sharply in 2020, by 5.7%. In contrast it grew by 7.6 per cent in 2019, the largest recorded growth since 2007, while between 2012 and 2018 GDP grew 40.7%, and key banking indicators like assets and credit exposures almost doubled. Until independence, Armenia's economy was based largely on industry—chemicals, electronic products, machinery, processed food, synthetic rubber and textiles; it was highly dependent on outside resources. Armenian mines produce copper, zinc, gold and lead. The vast majority of energy is produced with imported fuel from Russia, including gas and nuclear fuel for Armenia's Metsamor nuclear power plant. The main domestic energy source is hydroelectric. Small amounts of coal, gas and petroleum have not yet been developed. Armenia's severe trade imbalance has been offset somewhat by international aid, remittances from Armenians working abroad, and foreign direct investment. Economic ties with Russia remain close, especially in the energy sector. Road transport or road transportation is a type of transport using roads. Transport on roads can be roughly grouped into the transportation of goods and transportation of people. In many countries licensing requirements and safety regulations ensure a separation of the two industries. Movement along roads may be by bike or automobile, truck, or by animal such as horse or oxen. Cargo may be transported by trucking companies, while passengers may be transported via mass transit. Commonly defined features of modern roads include defined lanes and signage. Various classes of road exist, from two-lane local roads with at-grade intersections to controlled-access highways with all cross traffic grade-separated. The nature of road transportation of goods depends on, apart from the degree of development of the local infrastructure, the distance the goods are transported by road, the weight and volume of an individual shipment, and the type of goods transported.