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Eurnekian To Become Concessionaire Of Free Economic Zone At Armenia'

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  • Eurnekian To Become Concessionaire Of Free Economic Zone At Armenia'

    EURNEKIAN TO BECOME CONCESSIONAIRE OF FREE ECONOMIC ZONE AT ARMENIA'S ZVARTNOTS AIRPORT

    ARKA
    Dec 1, 2009

    YEREVAN, December 1, /ARKA/. Argentinean-Armenian businessman Eduardo
    Eurnekian will become the concessionaire of the free economic zone that
    will be established at Armenia's main international Zvartnots airport.

    The news was announced by a deputy economy minister Vahe Danielian
    on Monday during an informal meeting of heads of IT companies.

    According to him, one of Eurnekian's projects envisages establishment
    of an agricultural logistical center close to the airport, which
    will be dealing with delivery of agricultural goods to the airport
    and their transportation to other countries by air and other ways.

    Vahe Danielian said the terms of concession at Zvartnots airport will
    not differ from terms at other free economic zones. But he added that
    such zones should not affect Armenian producers.

    The business project for establishment of free economic zone at
    Zvartnots should be ready by the end of the year. According to
    preliminary estimates, its implementation may cost up to $250 million.

    The first stage is estimated at $50 million.

    Eduardo Eurnekian's American International Airports runs the
    concessional management of Zvartnots airport. It also deals with
    agricultural projects in Armenia and owns the Armenian Converse Bank.
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