YEREVAN, February 27. / ARKA /. The Armenian government has approved today a program designed to modernize Bagratashen and Sadakhlo border crossings on the Armenian-Georgian border, worth a total of 2.6 million euros.
Head of the State Revenue Committee (SRC), Gagik Khachatryan, said of that amount 434,500 euros is the contribution of the government. The rest comes from international financial institutions.
He said the project will introduce European standards of integrated border management at the border crossing points on the Armenia-Georgia border and facilitate trade, transit and enhanced movement of people across the border. The project is scheduled for completion in June 2015.
As part of the integrated border modernization program, Bagratashen , Bavra and Gogavan border crossings will be modernized in conformity with the best international standards to make it easier to cross the border, to reduce corruption risks and red tape.
In addition to the EBRD that has released 10.3 million euros, also the European Investment Bank will release 30 million euros to finance the modernization project. Funds will come also from the European Union’s Neighbourhood Investment Facility and the United Nations Development Programme and the government of Armenia. -0-