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European bank allocates 20m dollars to update Armenian airport

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  • European bank allocates 20m dollars to update Armenian airport

    European bank allocates 20m dollars to update Armenian airport

    Mediamax news agency
    13 Jul 06

    Yerevan, 13 July: The European Bank for Reconstruction and Development
    [EBRD] will allocate a 20m-dollar loan to the International Airports
    of Armenia Company to complete the construction of a new passenger
    terminal at Zvartnots international airport.

    A relevant agreement was signed in Yerevan today, Mediamax reports.

    The funds will be spent to complete the construction of the terminal,
    update equipment and purchase new equipment.

    [Passage omitted: the executive director of the company and the head
    of the EBRD's Yerevan Office, Michael Weinstein, spoke about the
    importance of the loan]
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