March 30, 2012 - 16:23 AMT
EIB approves euro 30,8 mln loans for checkpoints modernization

Armenian government headed by Prime Minister Tigran Sargsyan held a meeting on modernization of Bagratashen, Gavar and Bavra checkpoints at Armenia-Georgia border.

RA Deputy Minister of Finance Vardan Aramyan briefed on the conduction of modernization works of these check points. He further noted that the European Investment Bank (EIB) approved loans at the amount of euro 30,8 mln. The modernization project is estimated at euro 60 mln., governmental press service reported.

In this context, the PM instructed the relevant institutions to organize works in timely manner.