EBRD Will Provide $20-Million Credit to Reconstruct Zvartnots Airport

PanARMENIAN.Net
13.07.2006 17:57 GMT+04:00

/PanARMENIAN.Net/ The European Bank for Reconstruction and Development
(EBRD) will provide Armenia – International Airports CJSC a credit of
$20 million to reconstruct Zvartnots Armenian airport. The financing
is provided for completing the building o the new passenger terminal
of the airport and to buy equipment to enhance service quality.

In the words of head of EBRD Yerevan Office Michael Wallerstein the
project will play an important role in development of the internal
transport network and effective transport system of Armenia, which
does not have an access to sea and notably depends on air transport
services. The deal is implemented along with German Investment and
Development Corporation (DEG), which is part of KfW German group, which
will provide another credit of $10 million, reports Novosti-Armenia.