News
Show news feed

YEREVAN. – The European Bank for Reconstruction and Development (EBRD) will provide a loan to Armenia to build a new customs checkpoint on the Iranian border in Meghri, but it will not be connected with the free economic zone there.

Edvard Hovhannisyan, Chairman of the State Revenue Committee, said this at Friday’s sitting of the National Assembly during the discussion of the ratification of the Meghri Border Checkpoint Program loan agreement that was signed between Armenia and the EBRD in February.

According to him, this loan will amount to 10.6 million euros.

The area of this checkpoint is expected to increase from the current 6.5 hectares to 8.6 hectares, its service capacity will increase from the current 300 vehicles to 900 vehicles per day, its construction is expected to be completed in 2023, and international-level management mechanisms will be introduced there.

According Hovhannisyan, once it is constructed, this checkpoint will actually become a fully functioning customs agency where an effective fight against smuggling will be possible, too.

The aforesaid loan will be provided at a floating interest rate and for a period of 15 years—and with three-year benefits.

In addition, new product lab analysis equipment, goods—including passengers’ hand luggage scanners—as well as human scanners will also be installed at this checkpoint.

!
This text available in   Հայերեն and Русский
Print
Read more:
All