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EBRD, "Armenia-Int'l Airports" to sign credit agreement

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  • EBRD, "Armenia-Int'l Airports" to sign credit agreement

    EBRD, "ARMENIA- INTERNATIONAL AIRPORTS" TO SIGN CREDIT AGREEMENT

    Arka News Agency, Armenia
    July 11 2006

    YEREVAN, July 11. /ARKA/. The European Bank for Reconstruction and
    Development (EBRD) and the "Armenia-International Airports" CJSC are
    to sign a contract agreement at the Marriot-Armenia hotel at 4:00 p.m.,
    on July 13, 2006.

    Under the contract the EBRD and the German Corporation of Investments
    and Development (DEG) are to allocate a US $30mln credit for the
    renovation and re-equipment of the "Zvartnots" airport.

    On June 29, 2006, the Armenian Government approve the signing of a
    "Direct Contract" between the "Armenia-International Airports" CJSC,
    EBRD, DEG and the RA Government.

    On June 9, 2002, the Yerevan "Zvartnots" airport was transferred
    to concession to the Argentinian company "Armenia-International
    Airports". P.T. -0--
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