ArmInfo. The Eurasian Development Bank (EDB) has provided a grant of $78,000 to EKENG CJSC for the implementation of a project to create a System of Electronic Vehicle Passports (EPTS) in Armenia.
As reported by the press service of the EDB, this is the first project financed by the EDB Digital Initiatives Fund (EDB FCI) in the country.
The Bank recalled that from November 1, 2020, all states of the Eurasian Economic Union (EAEU) switched to the registration of EPTS.
The electronic passport contains more than 100 vehicle parameters, including identification and technical data, and completely replaces the paper PTS.
The advantages of the EPTS over the paper one: completeness and more information about the vehicle, which in turn allows you to form a more complete history.
In addition, the EPTS is created once, stored in a secure database, has no expiration date and cannot be lost, damaged, stolen or forged.
It is noted that with an EPTS it is easier to register a car after a transaction, the time for registration is reduced, errors and typos in the preparation of documents are excluded.
Moreover, an electronic passport is equally convenient for confirming the history of a vehicle when selling, applying for a loan secured by a vehicle, registering a car or renewing insurance.
National EPTS systems are already operating in a number of countries in the Eurasian region. In 2024, with the support of the EDB, the system was launched in Kyrgyzstan, and in April 2025, the project was launched in Armenia.
The project implementation in Armenia includes: the implementation by EKENG CJSC of the Russian digital solution provided by Electronic Passport JSC under a license agreement and its adaptation for the purpose of operating the EPTS System for the Republic of Armenia; the development by EKENG CJSC of its own information system for maintaining the register of authorized organizations for issuing EPTS; and the organization of a campaign to raise awareness among citizens about the Project.
The project implementation period in Armenia is 18 months.
"The creation of national segments of EPTS contributes to the formation of a common market for vehicles in the countries of the Customs Union. The systems interact through interstate gateways, ensuring the exchange of data according to uniform standards." - the EDB added.
The EDB Digital Initiatives Fund was established in June 2020. The Fund's goal is to assist in the formation of digital transformation tools and practices in the EDB member states, including through the integration of information resources and participation in the development and financing of projects. The flagship project of the FCI was the "Traveling without COVID-19" application, successfully used in 9 CIS countries.
The Eurasian Development Bank (EDB) is a multilateral development bank implementing investment activities in the Eurasian space. For over 18 years, the EDB has been promoting the strengthening and expansion of economic ties and the comprehensive development of its member countries. By 2025, the EDB's accumulated portfolio includes 305 projects with a total investment volume of USD 16.5 billion. The main share of the EDB portfolio is occupied by projects with an integration effect in the areas of transport infrastructure, digital systems, green energy, agriculture, industry and mechanical engineering. In its activities, the Bank is guided by the UN Sustainable Development Goals and ESG principles.
