  EIB to allocate euro 30,316 mln. for Armenia’s checkpoint moderation August 7, 2012 - 16:36 AMT PanARMENIAN.Net - Armenian Finance Minister Vache Gabrielyan and European Investment Bank (EIB) director of planning and settlement of operations Heinz Olbers signed a loan agreement envisaging allocation of euro 30,316 million for modernization of Bagratashen, Bavra and Gogavan check points. “The infrastructure modernization will facilitate legal border crossing,” Minister Gabrielyan said, adding that European Bank for Reconstruction and Development (EBRD) will allocate euro 10,294 mln. with Neighborhood Investment Fund to allot euro 12 mln., the EU and UNDP to provide euro 3,318 mln. and 0,8 mln. respectively. As Minister Gabrielyan further noted, European Investment Bank has named 4-25 years of maturity, 2 months - 7 year as repayment grace period, with each tranche to have separate floating interest rate. Partner news  Top stories “It’s a pity that instead of operating flights, airplanes with Armenian flags stand idle under the sun,” Ghazaryan said. The issue was discussed by Gazprom chief Alexey Miller and Armenian Minister of Energy and Natural Resources Armen Movsisyan. On Feb 23, 2012, Yerevan Jur CJSC issued application for decreasing water prices from current AMD 174,059 to AMD 166,044 per cubic meter. Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann.   Partner news |  Latest news Obama to unveil plans for nuke arms cut in Berlin speech  The president will spend his day in meetings with Merkel, German President Joachim Gauck, and Peer Steinbrueck.North Korean envoy seeks to mend ties with Beijing - experts "If China's stance is still firm, North Korea will understand that there are no loopholes to exploit," an expert said.Maradona wins $490,000 compensation from Chinese firms Maradona has won compensation from two Chinese firms for using his name in an online game, Hot-Blooded Soccer, without his consent.Four U.S. troops killed after Washington’s Taliban move It came after sources in the Obama administration said a Taliban office is to be opened in the Qatari capital of Doha. |
