Zvartnots International Ariport new passenger terminal will boost Armenia’s global ranking, Argentinean entrepreneur of Armenian descent Eduardo Eurnekian said.

According to him, the new terminal is sure to attract more tourists.

Mr. Eurnekian also noted that the project of new terminal envisages area expansion, construction of a new highway and a new hotel.

At November 3 meeting, Armenian government confirmed the strategic program on establishment of a logistics center and transport infrastructure within Zvartnots Airport.

According to Armenian Transport and Communication Minister, these would foster free economic zone creation at the airport, securing passenger and luggage transfer by new highway and railway.

Manuk Vardanyan also noted that a feasibility study for logistics center creation is currently being developed and will later be included in TRACECA International Logistics Center.

Airport improvement projects have been implemented since 2002 by Armenia International Airports CJSC in accordance with Government provided 30-year concession management. Cost of investment programs total about USD 160 mln. The new terminal will enable the airport to serve about 3.5 mln passengers. Zvartnots Airport currently serves 1.1 million passengers.