EBRD will provide €10.6m loan to Armenia for new border crossing pointSeptember 18, 2020 - 18:13 AMT PanARMENIAN.Net - The European Bank for Reconstruction and Development will provide a €10.6 million loan to Armenia to co-finance the construction of a new border crossing point near the town of Meghri on the border with Iran, Chairman of the State Revenue Committee Edvard Hovhannisyan said on Friday, September 18. The current infrastructure in Meghri is outdated. According to information posted on the bank's website, the operational, technical, engineering, environmental and safety conditions at the BCP need to be improved in order to meet modern safety and security requirements and adhere to international border management standards. Hovhannisyan said Friday that the new border crossing point will be ready in 2023, with a stronger capacity and a bigger area. The project will improve the quality and technical conditions of the border crossing-point infrastructure. It will also contribute to the operational continuity of freight and passenger flows through Meghri BCP and thus to regional cross-border integration. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |