Tweet
The Financial, Georgia
Nov 24 2012
EBRD loan for a new bridge at Armenian border crossing in Bagratashen
23/11/2012 23:42
The 10.3 million loan to the Armenian government is the EBRD's
contribution towards the financing of the Northern Corridor
Modernisation Project.
The upgrade of the cross-border infrastructure facilities is a
priority for the Armenian government. In addition to the EBRD, the
European Investment Bank, European Union, Neighbourhood Investment
Facility and United Nations Development Programme, jointly with the
government of Armenia, will finance this project, the total cost of
which is 62.6 million.
The Northern Corridor Modernisation Project includes the
reconstruction of existing infrastructure to meet international
standards, as well as the construction of new buildings at the three
border control facilities. The improved border crossing points,
equipped for vehicles and pedestrians, will have a more efficient and
increased processing capacity, as well as providing a
multi-directional road crossing for international cargo and passenger
traffic. Located 200km from Yerevan, Bagratashen is the main land
transport corridor connecting Armenia, through Georgia, with the rest
of the world.
`We are delighted to be part of this joint effort. Improvement in the
border crossing conditions will create a more efficient economic
transport corridor facilitating regional trade and passenger flows.'
said Sue Barrett, EBRD Director for Transport.
`The EBRD is firmly committed to supporting the development of
reliable and modern infrastructure in its region. We look forward to
continuing our successful cooperation with the country's authorities
and other international organisations in supporting the further
development of Armenia,' added Paul-Henri Forestier, EBRD Director for
Caucasus, Moldova and Belarus.
As the European Bank for Reconstruction and Development announced,
since the beginning of its operations in Armenia, the EBRD has
invested approximately 579 million in over 110 projects, of which
approximately 90 million has been in the country's infrastructure
sector.
http://finchannel.com/news_flash/Banks/119960_EBRD_loan_for_a_new_bridge_at_Armenian_bord er_crossing_in_Bagratashen/
Nov 24 2012
EBRD loan for a new bridge at Armenian border crossing in Bagratashen
23/11/2012 23:42
The 10.3 million loan to the Armenian government is the EBRD's
contribution towards the financing of the Northern Corridor
Modernisation Project.
The upgrade of the cross-border infrastructure facilities is a
priority for the Armenian government. In addition to the EBRD, the
European Investment Bank, European Union, Neighbourhood Investment
Facility and United Nations Development Programme, jointly with the
government of Armenia, will finance this project, the total cost of
which is 62.6 million.
The Northern Corridor Modernisation Project includes the
reconstruction of existing infrastructure to meet international
standards, as well as the construction of new buildings at the three
border control facilities. The improved border crossing points,
equipped for vehicles and pedestrians, will have a more efficient and
increased processing capacity, as well as providing a
multi-directional road crossing for international cargo and passenger
traffic. Located 200km from Yerevan, Bagratashen is the main land
transport corridor connecting Armenia, through Georgia, with the rest
of the world.
`We are delighted to be part of this joint effort. Improvement in the
border crossing conditions will create a more efficient economic
transport corridor facilitating regional trade and passenger flows.'
said Sue Barrett, EBRD Director for Transport.
`The EBRD is firmly committed to supporting the development of
reliable and modern infrastructure in its region. We look forward to
continuing our successful cooperation with the country's authorities
and other international organisations in supporting the further
development of Armenia,' added Paul-Henri Forestier, EBRD Director for
Caucasus, Moldova and Belarus.
As the European Bank for Reconstruction and Development announced,
since the beginning of its operations in Armenia, the EBRD has
invested approximately 579 million in over 110 projects, of which
approximately 90 million has been in the country's infrastructure
sector.
http://finchannel.com/news_flash/Banks/119960_EBRD_loan_for_a_new_bridge_at_Armenian_bord er_crossing_in_Bagratashen/