Friday, September 18 2020 16:27
Alexandr Avanesov

EBRD and EU to provide Armenia with 21.1 mln EUR for the  modernization of the Meghri checkpoint

EBRD and EU to provide Armenia with 21.1 mln EUR for the  modernization of the Meghri checkpoint

ArmInfo. The European Bank for Reconstruction and Development and the European Union will provide Armenia with 21.1 million euros for the modernization of the  Meghri checkpoint bordering Iran. The RA National Assembly at its  session on September 18 discusses the agreement with the Bank  submitted by the government for ratification.

As the Chairman of the RA State Revenue Committee Edward Hovhannisyan  noted in his speech, the agreement was signed on February 7, 2020.  The need for reconstruction is due to the constant growth in the  volume of freight and passenger traffic across this section of the  state border. Taking into account the fact that the northern  checkpoints have been completely modernized, the reconstruction of  the Meghri checkpoint will help to increase the efficiency of the  North-South transport corridor. The total cost of the modernization  program will amount to 21.1 million EUR, of which the EBRD will  provide the republic with a loan of 10.6 million euros on the terms  of Libor + 1%, which makes 1.7% in half-year terms. Most of the  funding will come from grant funds provided by the EU within the  framework of the European Neighborhood program - 10.6 million euros  and 700 thousand euros. As a result of the implementation of the  program, the checkpoint will be expanded from the current 6.6 ha to  8.8 ha. The capacity will increase from 300 cars per day to 900. The  entire project is expected to be completed in late 2022 - early 2023.   Sanitary, customs and other mechanisms corresponding to international  standards will be applied at the checkpoint.

Earlier ArmInfo reported that with the financial support of the EU  and the European Investment Bank, within the framework of the United  Nations Development Program (UNDP), three checkpoints on the state  border of Armenia - "Bagratashen", "Bavra" and "Gogavan" were  modernized. The total budget for the modernization of these three  checkpoints was 54.43 million euros. According to the information of  the EU delegation in Armenia, within the framework of the program,  the Armenian government received a loan from the EU in the amount of  30.8 million euros, grants for 17.2 million euros. The co-financing  of the Armenian government amounted to 4.44 million EUR. UNDP  financial investments amounted to EUR 1.9 million.


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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000