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EIB Approves Euro 30,8 Mln Loans For Checkpoints Modernization

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  • EIB Approves Euro 30,8 Mln Loans For Checkpoints Modernization

    EIB APPROVES EURO 30,8 MLN LOANS FOR CHECKPOINTS MODERNIZATION

    PanARMENIAN.Net
    March 30, 2012 - 16:23 AMT

    PanARMENIAN.Net - Armenian government headed by Prime Minister Tigran
    Sargsyan held a meeting on modernization of Bagratashen, Gavar and
    Bavra checkpoints at Armenia-Georgia border.

    RA Deputy Minister of Finance Vardan Aramyan briefed on the conduction
    of modernization works of these check points. He further noted that
    the European Investment Bank (EIB) approved loans at the amount of
    euro 30,8 mln. The modernization project is estimated at euro 60 mln.,
    governmental press service reported.

    In this context, the PM instructed the relevant institutions to
    organize works in timely manner.

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