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.
