YEREVAN, December 5. / ARKA /. The Armenian government has granted today tax and customs benefits to Iranian company Sanir building a 400 - kilovolt electricity transmission line from Iran to Armenia.
Finance minister David Sargsyan said the benefits will be provided on the basis of payment documents, customs declarations and bills of lading.
According to the decision of the government, services as well as goods supplied by Sanir to Armenian High Voltage Electric Company will be exempted from VAT and customs duty. The Iranian company will be exempt also from income tax.
The construction of a new transmission line from Iran to Armenia estimated at 100-105 million euros is financed by Iranian Development and Export Bank.
There are now two high-voltage lines between Iran and Armenia, which are used to swap electricity in winter and summer months. -0-